Binance Adds Solana’s JUP Token to Platform, Elevating Jupiter Exchange Worldwide
Jupiter Exchange (JUP), a Solana-based decentralized exchange, recently secured a significant listing boost from Binance, one of the world's leading cryptocurrency exchanges.
The JUP token is set to be featured on Binance’s platform, with spot trading opening on January 31, 2024, at 15:30 (UTC). Notably, Binance has waived the listing fee (0 BNB), demonstrating strong support for the Solana-based DeFi protocol.
This development comes as Jupiter Exchange rises to the second position in decentralized exchanges, marked by a surge in trading volume. CoinGecko data reveals Uniswap V3 (Ethereum) leading with approximately $781.25 million in the last 24 hours, closely followed by Jupiter with an impressive $629.32 million.
The collaboration with Binance is expected to elevate Jupiter’s visibility and accessibility in the decentralized exchanges landscape. The listing on Binance includes trading pairs like JUP/USDT, JUP/FDUSD, and JUP/TRY, with JUP also becoming a new borrowable asset on Binance’s Isolated Margin within 48 hours of listing.
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This strategic move by Binance is a significant endorsement for Jupiter, reinforcing its position as a noteworthy player in decentralized finance. The broader crypto community’s growing interest is evident as other major exchanges, including Bybit, LBank, and BitMart, are also planning to list the JUP token on their platforms. Jupiter’s trajectory will be closely monitored for further developments in the dynamic DeFi landscape.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
