In the ever-evolving world of cryptocurrencies, Pendle (PENDLE) has recently made headlines with an impressive price surge of 27.18%. As the crypto market experiences volatility, Pendle has managed to capture investor attention with its remarkable growth. At the time of writing, the digital asset is trading at around $1.14, reflecting a significant increase of 27.18% within the last 24 hours. Moreover, its trading volume has seen a substantial rise of 554.32%, reaching $21,199,847.
Binance to List Pendle (PENDLE) in the Innovation Zone
This surge in PENDLE’s value has caught the eye of one of the leading cryptocurrency exchanges, Binance. In an exciting development, Binance has announced the listing of PENDLE in its Innovation Zone. This move by Binance further validates Pendle’s potential and opens up new opportunities for traders and investors.
Starting from 2023-07-03 10:00 (UTC), Binance will initiate spot trading for three trading pairs: PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD. Traders can now deposit PENDLE in preparation for trading, and withdrawals for PENDLE will become available from 2023-07-04 10:00 (UTC). Notably, Binance has waived the listing fee for PENDLE, making it more accessible to users.
In an effort to incentivize trading, Binance has also announced that users will enjoy zero maker fees on the PENDLE/TUSD trading pair until further notice. This encourages active participation and rewards users for their engagement in the market. Furthermore, Binance will introduce PENDLE as a new borrowable asset with a new margin pair on Isolated Margin. Within 48 hours from 2023-07-03 10:00 (UTC), the PENDLE/USDT trading pair will be available for margin trading.
For those unfamiliar with Pendle, it is a yield-trading protocol that enables the separation of a yield-bearing asset into its principal and yield components. This unique feature empowers users to earn fixed or flexible yields on their assets. PENDLE serves as the utility token within the Pendle ecosystem, providing liquidity incentives, governance capabilities, and fee value accrual.
As Binance embraces PENDLE by listing it in the Innovation Zone, it signals the growing recognition of the project’s potential and the wider adoption of innovative cryptocurrency solutions. This development expands the trading opportunities for Pendle enthusiasts and strengthens its position within the crypto market. Investors and traders alike will closely monitor Pendle’s performance as it navigates this exciting new chapter in its journey.
