Two low-cap altcoins exploded in price on Friday after top crypto exchange Binance made them available for trading on its platform.
Binance rolled out trading services for the interoperability protocol Across (ACX) and the Solana (SOL)-based decentralized exchange (DEX) Orca (ORCA).
The native tokens of both platforms witnessed massive gains on Friday, with ACX surging nearly 88% and ORCA surging nearly 80%. These represented the largest gain of all the top 1,000 tokens by market cap that day Coin gecko.
About objectives to be a “new paradigm in cross-chain experiences” and is enabled by cross-chain intents, which are types of orders where users specify outcomes rather than execution paths.
Meanwhile Orca objectives to “provide the most user-friendly environment for traders and LPs (liquidity providers) with varying levels of experience.”
Binance will attach seed tags to both assets, which the exchange will apply to projects with lower liquidity that may exhibit higher volatility compared to other listed tokens.
The platform requires users who own assets with Seed tags to take quizzes every 90 days to ensure they are aware of the risks before trading the tokens.
ACX, the 244th ranked crypto asset by market cap, is trading at $1.07 at the time of writing.
OCRA, the 282nd ranked asset, is trading at $6.98.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: DALLE3