Binance to List Ethereum-Based Gaming Crypto Project After Impressive Rally
Binance, the world’s largest digital asset exchange, has announced its plan to list Ronin (RON), a gaming-focused cryptocurrency built on the Ethereum blockchain. The decision comes after Ronin experienced a remarkable surge of over 100% in just one month. Binance will attach a seed tag to RON, requiring users to pass quizzes every 90 days to ensure they understand the risks associated with trading the tokens.
The trading pairs for RON on Binance will include RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY. Users can already deposit RON in preparation for trading, which will commence on Tuesday. Withdrawals will be available from Wednesday.
Ronin was launched by Sky Mavis, the company behind the popular gaming project Axie Infinity (AXS), in 2021. Market intelligence firm Nansen has observed a significant increase in activity within the Ronin ecosystem, with a 368% rise in active addresses in November 2023.
In December, Ronin announced its integration with Binance Pay, facilitating easier wallet funding for consumers and enabling traders to access their funds outside of the crypto exchange.
Hot Take: Binance Embraces Gaming Crypto Trend
Binance’s decision to list Ronin highlights the growing popularity of gaming-focused cryptocurrencies. With Ronin experiencing an impressive rally and attracting significant attention within the gaming community, Binance recognizes the potential of this emerging sector. By supporting projects like Ronin and integrating them into its platform, Binance is positioning itself as a key player in the gaming crypto space. This move not only provides traders with new investment opportunities but also demonstrates Binance’s commitment to embracing innovative blockchain applications beyond traditional finance.
By
By
By
By