• Rocket Pool’s native token, RPL, surged by 55% after being listed on Binance, the world’s largest cryptocurrency exchange.
• The token is paired against USDT, the stablecoin issued by Tether Holdings, and BUSD.
• RPL had previously been listed on exchanges within the US, including Huobi, Coinbase, Kraken, and MEXC Global.
The Rocket Pool project has been continuing to gain more and more attention recently, with the native token RPL surging by 55% after being listed on the world’s largest cryptocurrency exchange, Binance. This listing opens up the token to more liquidity, allowing traders and investors who may not be familiar with the intricacies of DeFi trading to purchase the token.
Prior to the Binance listing, RPL had been listed on decentralized exchanges such as Uniswap, Bancor, and Balancer. These DEXs provide traders with the ability to trade in a trustless, secure, and automated way. In addition to these DEXs, RPL had also been listed on several exchanges within the United States, including Huobi, Coinbase, Kraken, and MEXC Global.
The tokens are paired against USDT, the stablecoin issued by Tether Holdings, which is also the most liquid in crypto circles, and BUSD. After the surge registered earlier today, data showed that the project’s market cap is $675.1 million, and RPL is up 9% versus the USDT. At the same time, it outperforms bitcoin (BTC) and ethereum (ETH), adding roughly 10% versus the top most liquid cryptocurrencies.
The listing on Binance is expected to continue to drive up the value of RPL and provide more liquidity for traders and investors. As the DeFi space continues to grow, more projects such as Rocket Pool are expected to benefit from increased visibility and liquidity provided by the leading cryptocurrency exchanges. The hard work of the Rocket Pool team is paying off and the project is continuing to gain more and more attention.