LQTY Token Responds to Binance Listing With a 46% Spike
- Binance announced Liquity (LQTY) spot trading will launch in the Innovation Zone at 11:00 UTC on February 28, 2003.
- LQTY/BTC and LQTY/USDT are the initial spot trading pairs to be activated on Binance.
- Withdrawals for LQTY will activate by 11:00 on March 1, exactly 24 hours after trading begins.
The price of LQTY, the native token for Liquity, a decentralized borrowing platform, jumped by 46% after a listing announcement by Binance. LQTY rose from $1.4208 to $2.075 in less than one hour before making a brief retracement to trade at $1.85 at the time of writing.
Binance announced it would list Liquity (LQTY) in the Innovation Zone of its platform and open trading for a set of spot trading pairs at 11:00 (UTC) on February 28, 2003. According to the announcement, the spot trading pairs to be activated are LQTY/BTC and LQTY/USDT.
In the announcement, Binance noted that before the spot trading launch, users could make LQTY deposits in preparation for the trading exercise. It noted that withdrawals for LQTY will activate by 11:00 on March 1, 2023, exactly 24 hours after trading begins. However, the exchange added a caveat that the withdrawal activation time is a…
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