Important notice from Binance about numerous altcoin traders: details

TL;DR

Binance has recently expanded its lending service to include new assets such as Holo (HOT) and Manta Network (MANTA), so users must update their app versions to place orders. The prices of these newly added tokens rose after the announcement, possibly driven by the broader recovery in the cryptocurrency market. The latest update

The world’s largest cryptocurrency exchange released another update to its platform to offer additional services and respond to current market trends. Most recently, it added Holo (HOT), Jito (JTO), Manta Network (MANTA), MANTRA (OM), NFPrompt (NFP) and Portal (PORTAL) as new lendable assets to Binance Loans (flexible rates).

The company advised customers who want to place orders through the app to update to iOS v2.78.0 or Android v2.78.0 (or later). “Old versions of apps no longer support placing new Binance Loan (Flexible Rate) orders,” he warned.

Prices for most of the assets included in the exchange’s latest update headed north shortly after the announcement. JTO is up 13% on a 24-hour scale, MANTA is up 7%, while NFP has witnessed a 5% rise.

The additional support from Binance could be one of the reasons why the aforementioned coins entered a bullish mode. Another factor could be the evident revival of the entire cryptocurrency market today (May 2). Many major digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP) and Cardano (ADA), are in good shape after suffering substantial losses in the previous days.

The previous amendments

The exchange introduced several updates to its platform in recent weeks. It added 18 new loanable assets, including popular meme coins Pepe (PEPE) and dogwifhat (WIF), to Binance Loan in early April. Shortly after, it launched the ARB/USDC and NEO/USDC perpetual contracts with up to 50x leverage, while FIL/USDC allows up to 75x leverage.

Earlier this week, the company listed XRP/JPY, SHIB/JPY, ADA/JPY and SOL/JPY trading pairs on Binance Spot.

The options focus on the Japanese yen, giving locals the opportunity to delve deeper into the cryptocurrency industry. “Users will enjoy zero maker fees and take on JPY trading pairs until further notice,” the company clarified.

Before that, Binance also simplified crypto trading for Mexicans by launching a direct pair between USDT and MXN.

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