Saga’s Value Soars 30% Amid $1 Billion Trading Volume Surge as Binance Broadens Support

Binance Expands Support for Saga

The world’s largest crypto exchange Binance announced on Tuesday its plans to expand support for Saga (SAGA) across multiple products including Binance Earn, Convert, Margin, and Futures. Saga is a Layer 1 protocol designed with a gaming focus to revolutionize blockchain scalability and interoperability.

SAGA Price Surges 25%

The price of SAGA has surged by 25%, driven by massive trading volumes exceeding $1 billion. Binance introduced Saga (SAGA) as the 51st project on Launchpool, marking a significant milestone in the exchange’s efforts to provide innovative opportunities to its users.

Binance Listing Saga on Multiple Products

In an official announcement on April 9, Binance informed its users about the expansion of support for Saga across various products and services. This move aims to offer early investment opportunities in key projects to Binance users.

  • Binance has added Saga to Simple Earn.
  • Users can purchase SAGA using any supported payment option on Binance Auto-Invest from April 11 at 10:30 UTC.
  • Trading SAGA against BTC, USDT, and other tokens supported by Binance Convert is now fee-free.
  • SAGA is available on Binance Margin as a new borrowable asset on Cross and Isolated Margin.
  • Trading for the SAGA/USDT pair began at 10:30 UTC on April 9.

Binance has also introduced the USD-M SAGA Perpetual Contract with up to 50x leverage, with USDT as the settlement asset. Trading commenced at 10:30 UTC.

SAGA Price Zooms 30%

The SAGA price debuted at $5.71 after extensive farming on Binance with BNB and FDUSD. Within hours of listing, the price soared to a high of $7.89, indicating robust buying and selling activity. Notably, the trading volume surged by over $1 billion.

CoinGlass data reveals that total SAGA futures open interests surged over 400,000% in 4 hours and more than 350% in just one hour. At the time of writing, the price is trading at $7.13.

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