The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset by market capitalization.
TON Climbs 10% Ahead of Binance Listing
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Binance Set to List 4 Toncoin Trading Pairs
Toncoin (TON) has risen 10.6% against the U.S. dollar on Thursday as Binance prepares to list TON trading pairs. The world’s largest exchange by trading volume will offer four trading pairs with the crypto asset toncoin.
Over the last day, TON has recorded $1.32 billion in global trading volume, with its most significant trading pair being tether ( USDT), followed by USD, BTC, EUR, and KRW. However, Binance users must pass a ‘seed tag’ test before trading TON to ensure they understand the alleged risks associated with the digital currency.
The Open Network, the blockchain hosting toncoin (TON), has experienced notable activity this year, primarily due to crypto projects and tokens tied to specific Telegram games. On Aug. 8, TON has a market valuation of $15.85 billion, accounting for a modest 0.78% of the entire $2.04 trillion crypto market economy.
What do you think about TON appreciating by 10% on Thursday? Share your thoughts and opinions about this subject in the comments section below.
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