Binance Expands Support For PHA, STEEM, USUAL, What’s Next?
The post Binance Expands Support For PHA, STEEM, USUAL, What’s Next? appeared on BitcoinEthereumNews.com.
In a recent development, Binance has expanded its support for Phala Network (PHA), Steem (STEEM), and Usual (USUAL). Although this development provides a bullish outlook for these coins, they have experienced significant price drops due to the current bearish sentiment in the broader crypto market. Notably, these declines come amid Bitcoin dipping below the $92K mark. Phala Network (PHA) has seen a 13% drop in the last 24 hours, while Steem and Usual also experienced significant declines. While Binance’s move may bring enhanced liquidity and user engagement, the broader market conditions could still impact these coins’ potential to rally. Binance Unveils New Trading Pairs for PHA, STEEM, USUAL, and PLN On January 9, Binance’s announcement revealed new trading pairs for Phala Network, Steem, Usual, and Polish Zloty. The new pairs, PHA/USDC, STEEM/USDC, USUAL/USDC, and PLN/USDC, will be available for trading starting January 10 at 08:00 (UTC). This move further expands its trading options, catering to a wider range of users. The announcement also confirmed the introduction of trading bot services for these pairs. Notably, PLN represents the Polish Zloty, a fiat currency, not a digital asset. These trading bots will enhance user experience by enabling advanced trading strategies across Binance Spot. However, users in certain restricted regions, including the United States, Canada, and North Korea, will not be able to trade these pairs due to regulatory constraints. The leading crypto exchange, Binance, continues to prioritize compliance with international regulations to maintain a secure trading environment globally. Phala Network Expands Its Reach with Ethereum Layer 2 Solution Phala Network (PHA), a prominent player in Polkadot’s ecosystem, has launched a Layer 2 network on Ethereum. Developed in collaboration with Succinct Labs and Conduit, this rollup leverages OP Succinct technology, combining optimistic and zero-knowledge proofs. This transition allows PHA to connect with Ethereum’s robust…
Filed under: News - @ January 9, 2025 11:22 pm