AXL, the native token of the Web3 interoperability platform Axelar Network, has recently piqued the interest of global cryptocurrencycurrency traders and investors, with its price increasing by approximately 30% as of this writing.
Binance, the world’s leading cryptocurrencycurrency exchange, revealed plans to begin trading specific pairs for the AXL token at the same time as this remarkable surge occurred, attracting substantial attention from market enthusiasts.
As of this writing, the price of AXL has risen by an incredible 33.40% in the last day, trading at $2.06. Following the news of Binance’s listing, the token’s 24-hour trading volume increased by 284.94% to $79.18 million on the cryptocurrencycurrency market.
The derivatives data verified the positive mood that had been building for AXL, which fueled the recent remarkable jump. AXL is being actively watched by traders as soon as it is published, as Binance’s previous listings have resulted in significant price changes for a variety of tokens.
As indicated in Binance’s release from today, March 1, the CEX aims to begin specific spot trading pairings at 11:00 UTC. According to Binance’s release, trading for the new spot trade pairs AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY will begin on the specified day.
Withdrawals for the same time will commence tomorrow, March 2, at 11:30 UTC. Binance set the listing price to 0 BNB, demonstrating CEX support for the listing. In contrast, Binance added the seed tag next to AXL, underlining both the token’s recent listing and its significant volatility and risk.
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