Binance, the largest cryptocurrency exchange in terms of trading volume, has made new announcements for various altcoins. The exchange will support some integrations, according to its announcements. In addition, several process pairs become active on the exchange. Here are the details…
Binance supports Optimism Network integration with Synthetix (SNX)
The exchange has completed the integration of Synthetix (SNX) into the Optimism network. So, deposit and withdrawal processes for Synthetix (SNX) are now open on the Optimism network. As we have also reported as Koindeks.com, several protocols have integrated Synthetix on Optimism before. Optimism is a layer-2 analysis suitable for high volume and fast trading. Synthetix was one of the first protocols to announce that it will use Optimism L2 as an assay to increase use cases.
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) Blockchain and gives users access to quite a few liquid synthetic assets (synths). Synths monitor and provide returns on the supporting asset without the need for someone to hold the asset directly. The platform aims to expand the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market. The network was launched in September 2017 by Kain Warwick under the name Havven (HAV).
At the time of writing, SNX is changing hands at $2.29, down 0.9 percent. The cryptocurrency has seen a 7.6 percent increase in value over the past seven days. However, the coin is trading about 92 percent below its all-time high of $28.53 recorded on February 14, 2021. On the other hand, Optmism’s OP token is changing hands at $0.73, up 2.8 percent. The coin is 66.7% below its record of $2.21 on August 4.
Exchange adds new process pairs
On the other hand, the exchange announced that it will open processes for the Polish Zloty (PLN) pair with Bitcoin, Ethereum and Binance USD coins on October 19, 2022, at 9 pm. So, starting at 09:00 tomorrow, you can trade with BTC/PLN, ETH/PLN and BUSD/PLN trading pairs.
The stock market also made another listing announcement.
Meanwhile, Koindeks.com As we reported in the morning hours, the exchange announced that it will list Aptos (APT). Dubbed by many as a potential “Solana killer,” Aptos is the latest high-profile attempt to build seamless blockchains to support the expanding world of smart contracts, NFTs, DAOs, and DeFi. There seems to be an increase in interest in layer-1 networks in general. Binance is also trying to meet this interest.