BCGAME - Free 5BTC Daily Bonus!Binance, one of the world’s largest cryptocurrency exchanges, today announced the listing of the Velodrome (VELO) token for trading on the platform. The token’s price surged 107% on the news of the listing, rising from $0,145596 to peak at $0,407515, its new all-time high.
As highlighted by Binance in its official statement, starting today at 14:00 UTC, users will be able to trade VELO cryptocurrency directly on the platform.
“Binance will list Velodrome Finance (VELODROME) and open trading for the following spot trading pairs at 2024-12-13 14:00 (UTC)”. “New spot trading pairs: VELODROME/USDT”.
Binance reported also that withdrawals will open tomorrow, December 14th at 14:00 PM (UTC). With this listing, the token becomes more accessible and liquid, which can boost its price and attract new investors.
VELODROME is a decentralized liquidity exchange (AMM) protocol built on the Ethereum network. It offers users the opportunity to provide liquidity to trading pools and earn rewards in the form of VELO tokens. The protocol is known for its user-friendly interface and competitive trading fees. Binance highlighted that Velodrome Finance is a next-generation DEX designed to serve as a liquidity hub for the Superchain.
At the time of publication, VELO’s price was trading at $0,3194, up 106.8% in the last 24 hours. The listing also sent the asset’s trading volume skyrocketing today.
Velodrome Finance (VELO) trading volume is $366.411.327 in the last 24 hours, representing an impressive 3.963,50% increase from a day ago and signaling a recent surge in market activity.
Velodrome (VELO) cryptocurrency currently has a market cap of $279 million, placing the token at 327th place in the overall cryptocurrency rankings. The recent gains have brought VELO’s monthly price increase to 257.2%.
