The world’s largest cryptocurrency exchange, Binance, has declared its intention to list the JUP token on its platform, which is a major step forward for the Solana-based decentralized exchange, Jupiter Exchange (JUP). Jupiter Exchange, meanwhile, is creating ripples in the cryptocurrency community by taking second place among decentralized exchanges thanks to a spike in trading volume.
Notably, Binance’s decision to list JUP is anticipated to increase the token’s exposure and influence in the constantly changing cryptocurrency market.
A New Chapter Ahead: Binance to List Jupiter?
With its recent news, Binance has signaled that it intends to list the JUP token, a significant endorsement for Jupiter Exchange. Spot trading for JUP will be available on Binance starting on January 31, 2024, at 15:30 (UTC), with trading pairs including JUP/TRY, JUP/FDUSD, and JUP/USDT.
Furthermore, Binance’s support for this Solana-based DeFi protocol is demonstrated by the listing charge for JUP, which is set at 0 BNB. Within 48 hours of the listing date, Binance will simultaneously debut JUP as a new borrowable asset and a new margin pair on the isolated margin.
The release coincides with CoinGecko statistics that shows Jupiter’s incredible rise to the second place in trading volume on the decentralized exchange scene. According to the data, Uniswap V3 (Ethereum) is the market leader with over $781.25 million in volume over the previous day. Jupiter comes in second place with a whopping $629.32 million in trading volume over the same time frame.
This growth highlights Jupiter’s increasing prominence and power, paving the way for investors and cryptocurrency aficionados to pay closer attention.
Examining Other Listings in More Detail
With the launch of Jupiter Exchange on Binance, the Solana-based DeFi system is set to get increased exposure and accessibility. With its remarkable trading volume and partnership with Binance, Jupiter is positioned as a significant participant in the decentralized exchanges space.
In the meantime, observers and investors alike will be attentively monitoring how this alliance affects Jupiter’s trajectory and looking forward to further advances in the quickly developing field of decentralized finance. It’s important to note that a number of other well-known cryptocurrency exchanges have already announced their intentions to list the JUP token on their services, demonstrating the growing interest in the Solana-based project in the cryptocurrency world.
Top cryptocurrency exchanges, such as BitMart, LBank, and Bybit, will list Jupiter (JUP) on their platforms, for example. The listing of Bybit is live as of January 31, 3 PM (UTC), contingent on liquidity. In the meanwhile, JUP’s accessibility will increase since LBank has announced plans to list the coin shortly.
Conversely, BitMart declared that Jupiter would be included on its major listing, and that trade would start on January 31 at 4 PM (UTC). These entries demonstrate Jupiter’s growing prominence in the cryptocurrency market and indicate the growing interest in the planet.
