In a significant development for the Solana-based decentralized exchange, Jupiter Exchange (JUP), Binance, the world’s leading crypto exchange, has announced its decision to list the JUP token on its platform. Meanwhile, with a surge in trading volume, Jupiter Exchange has now claimed the second spot among decentralized exchanges, making waves in the crypto community.

Notably, Binance’s move to list JUP is poised to amplify the token’s reach and impact in the ever-evolving crypto landscape.

Binance To List Jupiter, A New Chapter Ahead?

Binance’s recent announcement signals a major endorsement for Jupiter Exchange, as the global exchange giant declares its intention to list the JUP token. Starting January 31, 2024, at 15:30 (UTC), Binance will open spot trading for JUP with trading pairs including JUP/USDT, JUP/FDUSD, and JUP/TRY.

In addition, the listing fee for JUP is set at 0 BNB, reflecting Binance’s support for this Solana-based DeFi protocol. Simultaneously, Binance will introduce JUP as a new borrowable asset with a new margin pair on the Isolated Margin within 48 hours from the listing date.

Meanwhile, the announcement comes amid CoinGecko data revealing Jupiter’s remarkable ascent in the decentralized exchanges landscape, securing the second position in trading volume. The data showed that Uniswap V3 (Ethereum) leads the pack with approximately $781.25 million in volume over the last 24 hours, while Jupiter claims the second spot with an impressive $629.32 million in trading volume during the same period.

This surge underscores Jupiter’s growing popularity and dominance, setting the stage for increased attention from crypto enthusiasts and investors.

Also Read: XRP Whale Dumps 29 Mln Tokens, Price To Dip Below $0.5?

A Closer Look Into Other Listing

As Binance opens its doors to Jupiter Exchange, the Solana-based DeFi protocol is poised for heightened visibility and accessibility. The collaboration with Binance, coupled with its impressive trading volume, positions Jupiter as a noteworthy player in the decentralized exchanges arena.

Meanwhile, investors and enthusiasts alike will be closely watching the impact of this partnership on Jupiter’s trajectory, anticipating further developments in the rapidly evolving world of decentralized finance. It’s worth noting that several other leading crypto exchanges have also unveiled plans to list the JUP token on their platform, indicating the growing interest of the crypto community towards the Solana-based project.

For instance, leading cryptocurrency exchanges, including Bybit, LBank, and BitMart, are set to list Jupiter (JUP) on their platforms. Bybit’s listing is effective from January 31, 3 PM (UTC), subject to liquidity requirements. Meanwhile, LBank has revealed plans to list JUP soon, adding to the coin’s accessibility.

On the other hand, BitMart announced the primary listing of Jupiter, with trading slated to commence on January 31, 4 PM (UTC). These listings signify growing interest in Jupiter and highlight its expanding presence in the crypto market.

Also Read: Bitcoin (BTC) Futures Demand Dooms As Investors Flock to ETFs

The post Binance To List Solana-Based Jupiter As Trading Volume Hits $630 Mln appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am