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The world’s largest cryptocurrency exchange, Binance, expanded its BONK trading by adding it to Binance Convert. This decision came in response to the crypto exchange announcing the listing of BONK with three new pairs due to high demand for the meme coin called BONK. This move is expected to create a positive atmosphere for Bonk based on Solana.
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According to an official announcement made on December 15th, Binance announced it would add the token called Bonk (BONK) to the Binance Convert service. With its last move, Binance has offered a wider range of offerings for users wishing to benefit from the BONK price rally.
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What is Binance Convert?
Binance Convert is a simple tool that makes it easier for users to buy or sell crypto and supports thousands of trading pairs with many options including fiat currencies. Users can convert one token to another starting from 1 USD.
The rest of the announcement stated that users can now trade BONK against BTC, USDT and other tokens supported by Convert without commission. In addition, from December 19th, Binance users will be able to use a range of payment options to buy BONK, including the Binance Auto-Invest feature.
New pairs for BONK
Binance has implemented new spot trading pairs for Bonk in response to user demand.
- BONK/USDT
- BONK/FDUSD
- BONK/TRY
Users can withdraw their Bonk meme coins starting from December 16th.
BONK Price Analysis
The BONK price increased over 100% in the last 24 hours and is currently trading at around 0.0000263 dollars. During this period, its lowest and highest values were 0.0000141 dollars and 0.0000341 dollars respectively. Furthermore, the trading volume in the last 24 hours has increased by almost 400%, reflecting the growing interest among traders.
BONK is still up over 72% in the last 24 hours, despite a brief 15% correction after traders, investors, and market makers sold their assets to get Bonk airdrops.