Gains Network (GNS) Surges by over 100% in Minutes Following Binance Listing in Innovation Zone
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will list Gains Network (GNS) in its Innovation Zone. GNS will be available for spot trading with BTC and USDT trading pairs starting at 2023-2-17 11:30 (UTC).
#Binance will list @GainsNetwork_io $GNS in the Innovation Zone.
➡️ https://t.co/4ihgh7POzE pic.twitter.com/pwOZzgEwJO
— Binance (@binance) February 17, 2023
Just moments after the news of Binance’s listing announcement, the price of Gains Network’s (GNS) token skyrocketed by over 100% in just a few minutes. At the time of writing, GNS is trading at $14 with a market capitalization of over $400 million, according to TradingView.
Gains Network is a decentralized leverage trading platform that offers users a variety of trading assets, including cryptocurrencies, forex, and stocks. GNS is the utility and governance token of the platform.
Binance users can start depositing GNS in preparation for trading, and withdrawals will be available starting at 2023-2-18 11:30 (UTC).
In addition, Binance will add GNS as a new borrowable asset with a new margin pair on Isolated Margin, starting within 48 hours from 2023-2-17 11:30 (UTC) with a GNS/USDT pair.
It’s worth noting that the Innovation Zone is a dedicated trading zone where users can trade new, innovative tokens with potentially higher volatility and risk. Before being able to trade in the Innovation Zone, all users are required to read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer.
GNS is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Binance reminds its users to exercise sufficient risk management, do their own research, and fully understand the project before opting to trade the token.
The listing of GNS on Binance is a positive development for the Gains Network project, as it will provide additional liquidity and exposure to the token. It will also give Binance users access to a new trading asset in a market that continues to experience rapid growth and innovation.
Register for a Binance account here to receive a 10% discount on Spot, Margin, and Futures trading fees.
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