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Earlier, Binance exchange announced that it will list a new altcoin. Binance listings usually have a direct impact on the price. Listings made by Binance, the world’s largest exchange in terms of volume, result in a massive increase in volume for altcoins. Of course, this also leads to price increases.
Binance Altcoin Listing
According to the latest development, Binance exchange will list Celestia (TIA) tomorrow. The exchange announced that the TIA/BTC, TIA/USDT, and TIA/TRY pairs will be activated tomorrow under the Seed label. This is similar to the “experimental” label of Coinbase exchange and warns investors about volatility. The exchange wrote the following;
“The Seed label will be applied to TIA. TIA is a relatively new token that carries higher risk than usual and is therefore likely to experience high price volatility.”
Users will be able to start sending tokens to the exchange from 14:00 (UTC) tomorrow. Withdrawal of TIA will be temporarily available starting from November 1st. Celestia is a data availability network that enables the creation of scalable modular blockchains.
Altcoin may not be trading on exchanges yet, but the interest shown by popular platforms like Binance can give it a strong start.