Binance Lists Across Protocol (ACX) and Orca (ORCA), Driving Price Surges

Binance, a leading cryptocurrency exchange, has listed Across Protocol’s ACX token and Orca’s ORCA token, resulting in significant price increases for both assets.

Key Features of the Listing:

• Spot Trading: ACX/USDT and ORCA/USDT spot trading pairs are now available.
• Token Withdrawals: Enabled starting December 7, 2024, at 13:00 UTC.
• Binance Simple Earn: ACX and ORCA will be listed on Flexible Products, allowing users to earn interest.
• “Buy Crypto” and Wallet Integration: Users can purchase ACX and ORCA using various payment methods and directly from their Binance Wallets starting December 9, 2024.
• Binance Convert: Zero-fee trading for ACX and ORCA against major assets like BTC and USDT.
• Margin Trading: Available on Cross and Isolated Margin with up to 75x leverage.
• Futures Trading: USDⓈ-M Perpetual Contracts for ACXUSDT and ORCAUSDT are now available with a funding rate cap of +2.00% / -2.00%.

Impact on ACX and ORCA:

• Increased Accessibility: The Binance listing provides broader access to ACX and ORCA for a wider audience.
• Price Surge: Both tokens experienced significant price increases following the listing announcement.
• Enhanced Liquidity: The listing is expected to enhance liquidity for both ACX and ORCA.

Key Considerations:

• High Leverage: Traders should exercise caution when utilizing high leverage, as it can magnify both profits and losses.
• Funding Fees: Users should be aware of funding fee settlements, which occur every four hours.

Conclusion:

Binance’s listing of ACX and ORCA across its various platforms is a significant development for both projects. This move is expected to drive increased adoption, enhance liquidity, and provide new opportunities for traders and investors within the crypto ecosystem.

December 2024, Cryptoniteuae