As a seasoned crypto investor with a knack for spotting promising projects, I can confidently say that the listing of Velodrome Finance (VELO) on Binance is a game-changer. I’ve been around long enough to remember the days when getting listed on such a prominent exchange was like striking gold in the wild west.
In a significant development, the price of Velodrome Finance’s decentralized exchange token, VELO, has spiked by an impressive 113% following its listing on Binance. This move makes it possible for traders to buy and sell VELO using Tether (USDT) as a trading pair.
As a crypto investor, I’m thrilled about the milestone we’ve reached with our Decentralized Exchange (DEX) getting listed on Binance. This designation as the liquidity hub for the Superchain is not just a significant accomplishment, but it also opens up a world of opportunities.
Binance Listing Brings Key Upgrades for Velodrome Traders
On December 13th, Binance made public its decision to add Velodrome Finance to its platform. Taking advantage of this development, Binance also unveiled a new trading pair: VELODROME/USDT. Deposits for this pair can be made now, but actual trading will start at 14:00 (UTC) and withdrawals will become available on Saturday, December 14th, at the same hour.
As a crypto investor, I understand and acknowledge the risks and volatility associated with VELO, a token with immense potential. To safeguard traders and users like myself, Binance has implemented a “Seed Tag” on this token. Consequently, it’s necessary for anyone dealing with VELO to complete a risk-awareness quiz every 90 days to ensure our continued safety.
Binance announced they would activate sophisticated trading functions like automated trading bots and spot copy trading, available immediately upon listing.
I am dedicated to making certain that our users can truly savor premium trading encounters, leaving no room for doubt about my intentions.
Having Velodrome Finance listed on Binance significantly enhances its reach and trading volume, which are crucial elements for building its reputation and sustaining its development in the world of Decentralized Finance (DeFi).
VELO Price Surge Mirrors KOMA’s Success
Just as anticipated, Binance’s latest declaration has significantly influenced VELO. In the last 24 hours alone, its price skyrocketed by an impressive 113%, reaching $0.3243. Over the past month, it has experienced a substantial 273% increase, and since the beginning of the year, it’s soared by an astounding 527%.
As its progress becomes more apparent, it could be reasonable to conclude that investors are growing more optimistic about not only Velodrome’s practical applications, but also its possible impact within the Decentralized Finance (DeFi) industry.
At the moment, VELO’s total value in the market stands at approximately $285 million. Remarkably, its trading volume over the past 24 hours has jumped by an astounding 3,500%, reaching a staggering $227 million.
It’s intriguing to note that the performance of VELO resembles that of KOMA. Another coin, which surged by 170%, experienced a boost following its partnership with Binance.
It’s clear that Binance holds significant power within the market, as evidenced by the impact on a token’s visibility and trading volume.
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2024-12-13 17:09