Pendle (PENDLE), the native token of the Pendle yield-trading protocol that allows the separation of a yield-bearing asset into its principal and yield components, has surged by 27.18% over the last 24 hours. It is currently trading at around $1.13 while its trading volume has also experienced a substantial rise of 1416.33%, reaching a total of $49,783,189 at press time.
This surge can be attributed to Binance, the world’s leading cryptocurrency exchange, and Huobi, Kucoin, and Bitmart, which announced the token’s listing on their exchange platforms.
Binance Adds Pendle to Innovation Zone
Binance, in particular, has announced its decision to list the token in its Innovation Zone. Starting July 3, 2023, at 10:00 (UTC), Binance will commence spot trading for three trading pairs: PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD.
— Binance (@binance) July 3, 2023
Traders can now deposit Pendle (PENDLE) in preparation for trading, and the token withdrawal will be available from July 4, 2023, at 10:00 (UTC). Notably, Binance has waived the listing fee for the token.
Furthermore, within 48 hours from July 3, 2023, at 10:00 (UTC), Binance will introduce the PENDLE/USDT trading pair for margin trading, establishing the token as a new borrowable asset with a margin pair on an Isolated Margin.
Other Leading Exchanges Support the Token
In addition to Binance, several other prominent crypto exchanges have also announced the listing of the token. BitMart, Huobi, Bybit, and KuCoin are among the platforms that will facilitate token trading.
BitMart users can trade the PENDLE/USDT pair starting from July 3, 2023, at 11:00 AM UTC, following the availability of deposits at 9:00 AM UTC and withdrawals at noon UTC on the same day.
Huobi, on the other hand, has scheduled the opening of token deposits for July 3, 2023, at 08:00 (UTC), while spot trading for the PENDLE/USDT pair will commence once the deposit volume meets market demand, with withdrawals becoming available from July 4, 2023, at 09:00 (UTC).
KuCoin has also listed the token on its Spot trading platform, with deposits available immediately and trading commencing on July 3, 2023, at 10:00 (UTC). Withdrawals for PENDLE will be possible from July 4, 2023, at 10:00 (UTC).
💎Deposit: now open (networks: ERC20, ARBITRUM)
💎Trading: Trading time to be announced ⏰ Stay tuned for updates!
— KuCoin (@kucoincom) July 3, 2023
With its remarkable price surge and listings on major exchanges, Pendle has garnered significant attention and support from the crypto community. Adding Binance, BitMart, Bybit, Huobi, KuCoin, and others as trading platforms for PENDLE amplifies its reach and trading opportunities.