- Pendle’s price increased by more than 50 percent after it was listed on Binance.
- There will be no maker fees for PENDLE/TUSD trades for the foreseeable future.
Binance, the biggest cryptocurrency exchange in the world, has added support for Pendle (PENDLE) to its Innovation Zone. Pendle’s price increased by more than 50 percent after it was listed on Binance.
Binance recently stated on its blog that it would begin trading in Pendle (PENDLE) on July 3, 2023, at 10:00 (UTC), in the Innovation Zone. PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD will be the spot trading pairings available for this cryptocurrency.
The exchange stated:
“In addition, Binance will add PENDLE as a new borrowable asset with this new margin pair on Isolated Margin, within 48 hours from 2023-07-03 10:00 (UTC): PENDLE/USDT.”
No Maker Fees
It has also announced the release of Pendle on Binance Launchpool, where users may stake BNB and TUSD for 25 days to farm PENDLE tokens. In addition, there will be no maker fees for PENDLE/TUSD trades for the foreseeable future.
In Q2 of this year, its price increased by a stunning 125%, making it the top gainer. PENDLE has made remarkable strides in expansion this year. The token’s value has increased by an incredible 1,552%, from $0.046 at the beginning of the year to the current price of $0.76.
Moreover, Pendle’s novel approach to yield farming has grabbed the curiosity of far-sighted investors since it allows users to tokenize and trade future yields.
The price of one Pendle (PENDLE) token has risen abruptly post the Binance listing announcement, reaching a recent high of $1.40 as per CMC. PENDLE’s trade volume over this time period skyrocketed to $67M (a 2193 % increase). However, at the time of writing, there was a correction and the price is currently trading at $0.858.
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