Binance Adds New Trading Pairs for WIF, ZK and ZRO: Details

The world’s largest crypto exchange by trading volume, Binance, has made headlines with the announcement of new trading pairs involving three tokens including Dogwifhat (WIF), zkSync (ZK), and LayerZero (ZRO). The new update to extend support for these cryptocurrencies has sent excitement across their respective communities as such updates have the potential to affect their price trajectories in the coming days.

The latest update is part of Binance’s strategy to provide the best trading experience for its global users, solidifying its position as one of the top players in the industry. Binance also informed us that it will open trading bot services for the aforementioned trading pairs.

Binance Expands Spot Trading List

The crypto exchange giant announced earlier today that it will expand its spot trading list by adding new trading pairs for three trending tokens. The new spot trading pairs include WIF/BRL, ZK/USDC, and ZRO/USDC. According to the notice, the trading of the mentioned pairs will commence on July 3, at 14:00 (UTC).

Note that the inclusion of USDC as the stablecoin trading pair for both ZK and ZRO is strategic following Circle’s (the issuing company) MiCA e-money license acquisition. Also, the introduction of BRL (Brazilian real) fiat currency underscores its intent to cater to a global audience, expanding its services to Brazil.

Moreover, Binance disclosed that users will enjoy lower takers fees on all new and existing USDC spot and margin trading pairs indefinitely. In addition to this, Trading Bots services for the aforementioned pairs will be enabled on July 3, at 14:00 (UTC). Binance warns that users from certain countries will be restricted from trading the new pairs. Some of the countries include Canada, Cuba, the Crimea Region, Iran, Netherlands, North Korea, Syria, the United States, and others.

What is Next for WIF, ZK, and ZRO?

Meanwhile, the extension of Binance spot trading services for WIF, ZK, and ZRO can have a significant impact on their prices. The addition is expected to expose the tokens to newer interests and potentially drive their prices northward. Additionally, the integration into Binance’s trading system is expected to increase liquidity, consequently driving their respective prices up.

At the time of writing, Dogwifhat (WIF) is trading at $2.19, representing a 3.72% decline in the last 24 hours. In the sale light, zkSync (ZK) has seen a significant drop in the last 24 hours. According to CoinMarketCap data, ZK is changing hands at $0.178 signifying a 2.83% drop over the last day. On the other hand, LayerZero (ZRO) has seen notable gains within the recorded time. At the time of writing, the price of ZRO is up by 13.67%, trading at $4.01. The crypto community will be closely watching to see how events unfold in the coming days.