Cryptocurrency Exchange Binance Lists Dymension (DYM)
Binance, a prominent cryptocurrency exchange, has once again captured attention by adding Dymension (DYM) to its list of tradable assets. Co-founder Yi He’s recent reassurance to the crypto community, following the RONIN incident, has contributed to renewed trust in Binance. The addition of DYM signifies the platform’s latest strategic move.
Trading DYM on Binance
Binance officially launched DYM on its platform, sparking significant market activity. The exchange further announced the integration of DYM into its margin and Futures trading suite. Notably, the listing fee for DYM was set at 0 BNB, providing an additional incentive for traders.
The official statement from Binance outlined that DYM trading would commence with spot trading pairs, including DYM/BTC, DYM/USDT, DYM/FDUSD, and DYM/TRY. Deposits were immediately enabled, with withdrawal functionalities becoming available a day later.
The Market Response to DYM’s Listing
The market has responded positively to DYM’s presence on Binance, as evidenced by a 31.5% price surge in the past 24 hours, reaching $5.25. The cryptocurrency’s market capitalization observed a 32% growth, reaching $770 million. Impressively, the trading volume since DYM’s listing on the exchange has already exceeded $400 million.
Investors and traders are now contemplating their next steps with DYM. Some have shared substantial financial gains online, leading to a split in strategies. Some are opting for immediate sales, while others are considering the potential of staking their holdings.
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