Binance made an important announcement today for 5 altcoins, including fan tokens like LAZIO and PORTO.
Binance opens margin options for these 5 altcoins
The leading cryptocurrency exchange announced that it has added the following trading pairs in a new announcement on Oct. Related altcoins are Alchemy Pay (ACH), Numeraire (NMR), Radicle (RAD), Lazio Fan Token (LAZIO) and Porto Fan Token (PORTO). These cryptocurrencies will now be available for trading on the following pairs on the Binance platform.
New cross margin pairs:
- ACH/BUSD, ACH/USDT, LAZIO/BUSD, LAZIO/USDT, NMR/BUSD, NMR/USDT, PORTO/BUSD, PORTO/USDT, RAD/BUSD
New isolate margin pairs:
- LAZIO/BUSD, LAZIO/USDT, PORTO/BUSD, PORTO/USDT
The effect of the announcement on prices
Alchemy Pay (ACH)
The ACH price has been falling since the announcement. It is trading at $0.01133, down around 3% from the last 24 hours. Alchemy Pay is a payment solutions provider that seamlessly connects the fiat and crypto economies. It provides online and offline transactions that conveniently accept both fiat and crypto. The ACH token ranks 337th by market cap. Note that ATH price has lost more than 90% at $0.1975.
Numeraire (NMR)
NMR token, the native cryptocurrency of Numerai, an Ethereum-based platform focused on machine learning models, was falling at the time of the announcement. The NMR price is currently down over 6%. Thus, ATH price lost more than 90% at $168.49.
Radicle (RAD)
Radicle is an open source protocol that allows developers to collaborate in a P2P and decentralized way. The network’s native cryptocurrency, RAD, is down around 3% from the last 24 hours.
Lazio Fan Token (LAZIO)
LAZIO, the fan token of the Lazio sports club, is reacting upwards to the Binance news. The LAZIO token is currently up 1.74% from the last 24 hours. It should be noted that this rise came especially at a time when the market was on the decline. LAZIO is currently trading 80% below $35.76 in ATH price.
The latest altcoin of the announcement, PORTO, gained over 1.5%, similar to LAZIO.
Binance is on the agenda today with 570 million worth of BNB hacks
As we quoted as Kriptokoin.com, Binance has temporarily suspended its network after hackers seized approximately $570 million worth of BNB tokens. Binance said late Thursday that a cross-chain bridge linked to BNB Chain was targeted, enabling hackers to move BNB.
The company said it is working with network operators to pause the creation of new blocks on BNB Chain while a developer team investigates the breach and suspends all transaction processing.
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