Binance Lists Jupiter Exchange Token (JUP)
In a major development, Binance, the world’s leading crypto exchange, has decided to list the JUP token from Jupiter Exchange, a decentralized exchange built on Solana. This listing is expected to greatly enhance the reach and impact of the JUP token in the crypto industry. Starting January 31, 2024, Binance will open spot trading for JUP with trading pairs including JUP/USDT, JUP/FDUSD, and JUP/TRY. What’s more, the listing fee for JUP is set at 0 BNB, showcasing Binance’s support for this Solana-based DeFi protocol.
Jupiter Exchange Climbs to Second Spot
Jupiter Exchange has recently gained significant traction in the decentralized exchanges landscape. According to CoinGecko data, it now holds the second position in terms of trading volume. While Uniswap V3 leads with approximately $781.25 million in volume over the last 24 hours, Jupiter claims second place with an impressive $629.32 million in trading volume during the same period. This surge in popularity further establishes Jupiter as a dominant player in the DeFi space.
Other Crypto Exchanges Listing JUP
Besides Binance, several other leading cryptocurrency exchanges have announced their plans to list the JUP token. Bybit, LBank, and BitMart are among those set to make JUP available on their platforms. Bybit’s listing is effective from January 31 at 3 PM (UTC), subject to liquidity requirements. LBank also plans to list JUP soon, while BitMart will commence trading on January 31 at 4 PM (UTC). These additional listings highlight the growing interest and expanding presence of Jupiter in the crypto market.
Hot Take: Jupiter Exchange’s Rise Continues
The listing of JUP on Binance and other major crypto exchanges marks a significant milestone for Jupiter Exchange. With its impressive trading volume and increased accessibility, Jupiter is emerging as a prominent player in the decentralized exchanges arena. This partnership with Binance, along with the support from other exchanges, is expected to fuel further growth and development for Jupiter. As the Solana-based project continues to gain attention and popularity, it is poised to make a lasting impact on the rapidly evolving world of decentralized finance.
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