Binance to List 10 USDC Trading Pairs on Its Spot Market: Here’s More
Cryptocurrency exchange, Binance is set to list new USDC trading pairs on its spot market on Dec 28 to drive trade and widen user market options.
In a Dec 27 press release, the company informed users of plans to list ten new trading pairs in line with its objectives to field robust markets for users on its platform.
“Fellow Binancians, Binance will open trading for the ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC, XRP/USDC at 16:00 on December 28, 2023.”
Blockchain reporter Colin Wu also disclosed the development on X (formerly Twitter) adding a list of trading pairs the exchange will delist in shortly.
Binance announced that it will list ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC, XRP/USDC at 16:00 on December 28, 2023, remove APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, PAXG/BNB.…
— Wu Blockchain (@WuBlockchain) December 27, 2023
“…remove APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, PAXG/BNB,” he added.
The announcement comes as the exchange improves USDC partnerships including offering support for the stablecoin on Polygon. Amid falling spot trading numbers, several analysts view Binance’s support as a way to bolster trade attracting new volumes ahead of a potential spot ETF application.
Notably, the exchange could leverage the stablecoin to usher in more institutional investment following its recent settlement with the United States Department of Justice (DOJ) and other wider regulatory issuers around the market.
Last year, the largest exchange by volume announced that it would automatically convert a group of stablecoins held by users to BUSD. At
