Prices soared on Friday after leading cryptocurrency exchange Binance made two low-cap altcoins available for trading on its platform.
Binance has launched trading services for interoperability protocol ACX (Across) and Solana (SOL)-based decentralized exchange (DEX) Orca (ORCA).
Both platforms’ native tokens saw massive gains on Friday, with ACX up nearly 88% and ORCA up nearly 80%. According to CoinGecko, this marked the biggest gain among the top 1,000 tokens by market capitalization on the day.
Across aims to be “a new paradigm in the cross-chain experience” and is powered by cross-chain intents, an order type where users specify the outcome instead of the execution path.
Meanwhile, Orca aims to provide “the most user-friendly environment for traders and LPs (liquidity providers) of varying experience levels.”
Binance will attach seed tags to both assets, which the exchange will apply to less liquid projects that may be more volatile compared to other listed tokens.
The platform requires users who own assets with seed tags to pass a quiz every 90 days to ensure they are aware of the risks before trading the tokens.
ACX, the 244th largest cryptocurrency asset by market capitalization, is trading at $1.07 at the time of this writing.
OCRA, the 282nd ranked asset, is trading at $6.98.
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