Binance Lists Hot Ethereum Altcoin Project Up 110%
A soaring altcoin project built on Ethereum (ETH) is picking up support from Binance, the world’s largest crypto exchange by volume.
Pendle (PENDLE) has recently been included to Binance’s Innovation Zone.
Spot trading pairings are available with Bitcoin (BTC), PENDLE/BTC, Tether (USDT), PENDLE/USDT, and TrueUSD (TUSD), PENDLE/TUSD.
Binance’s Innovation Zone is a designated trading environment for crypto assets that may be more volatile in price.
Pendle is a tokenized DeFi yield-trading system that allows investors to buy assets at a discount and access the asset’s future income for trading and hedging.
According to its website, Pendle is now offering ETH at a 6.09% discount, with liquidity pools promising up to 42% at maturity.
Pendle reached a 2023 high of $1.21 when Binance announced its IPO.
(With inputs from Shikha Singh)
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