ACX And ORCA Surge Big After Binance Listing Announcement

ACX And ORCA Tokens Skyrocket After Binance Listing Announcement

Binance has unveiled the listing of Across Protocol's ACX token and Orca's ORCA token, driving notable surges in their prices.

As of December 6, 2024, at 13:00 UTC, users can now trade ACX and ORCA in the ACX/USDT and ORCA/USDT spot trading pairs. Token withdrawals were enabled starting December 7, 2024, at 13:00 UTC, offering more flexibility for traders and investors.

Binance Launches Across Protocol (ACX) and Orca (ORCA) - How to Engage and Maximize Opportunities

Binance, one of the world’s leading cryptocurrency exchanges, has officially announced the addition of Across Protocol (ACX) and Orca (ORCA) to its extensive suite of products. 

Starting from December 6, 2024, these tokens will be available across Binance’s platforms, allowing users to engage with them through Binance Simple Earn, Buy Crypto, Convert, Margin, and Futures. 

At the time of review, Across Protocol (ACX) is trading at approximately $1.03. The market cap is around $568.83M, highlighting a surge in trading activity following Binance's listing announcement. The Binance listing also had the same effect on ORCA, it is trading around $6.45. The market cap is around $346.30M. 

This is a significant development for both tokens, providing a broader audience access and marking a key step in their adoption within the crypto ecosystem.

Engaging with ACX and ORCA on Binance

1. Binance Simple Earn

• Launch Date: December 6, 2024, at 13:00 (UTC)

• Key Feature: ACX and ORCA will be listed on Binance Simple Earn’s Flexible Products. This allows users to start earning interest on their holdings immediately. It’s also the first opportunity for investors to subscribe to these tokens through Binance Simple Earn’s subscription services, making it a straightforward method for accumulating these tokens over time.

2. “Buy Crypto” and Wallet Integration

• Launch Date: December 9, 2024

• Key Feature: Users can purchase ACX and ORCA using payment methods supported by Binance, such as VISA, MasterCard, Google Pay, and Apple Pay. Additionally, these tokens will be integrated with Binance Wallet, enabling users to buy and sell directly from their wallet balances on the “Buy Crypto” page. This integration is designed to streamline transactions, providing a seamless experience for Binance’s global user base.

3. Binance Convert for Zero Fee Trading

• Activation Time: One hour after the tokens are listed on Binance Spot

• Key Feature: Trade ACX and ORCA at zero fees on Binance Convert. This allows trading against major assets like BTC and USDT, enhancing liquidity and offering a cost-effective way for traders to manage their portfolios, especially in volatile market conditions.

4. Margin Trading Opportunities

• Launch Date: December 6, 2024, at 15:00 (UTC)

• Key Feature: ACX and ORCA will be available for trading on Binance Margin. Both tokens will be listed on Cross and Isolated Margin with available pairs ACX/USDT and ORCA/USDT. The maximum leverage for these perpetual contracts is set at 75x, providing experienced traders with strategic leverage to maximize their positions.

5. Perpetual Contracts on Binance Futures

• Launch Date: December 6, 2024, at 15:00 (UTC)

• Key Feature: USDⓈ-M Perpetual Contracts for ACXUSDT and ORCAUSDT will be available. These contracts feature a funding rate capped at +2.00% / -2.00%, settled every four hours. 

The tick size for ACX is 0.0001, and for ORCA, it’s 0.001. Trading hours are 24/7, providing global participants with continuous access to these tokens and the flexibility of Binance Futures.

Key Highlights and Considerations

• Maximum Leverage: ACX and ORCA will be available with up to 75x leverage, allowing traders to maximize their trading positions effectively.

• Multi-Assets Mode: Users can trade these perpetual contracts using multiple margin assets such as BTC, with applicable haircuts affecting margin requirements.

• Funding Fee Settlement: The funding fees will be settled every four hours, enabling frequent monitoring and adjustments to trading positions.

Binance’s decision to list Across Protocol (ACX) and Orca (ORCA) across its various platforms demonstrates its commitment to broadening accessibility and adoption in the crypto space.