2024

Solana

<ul>
 <li>Binance introduced significant updates for XRP and Solana (SOL) traders and holders in 2024.</li>
 <li>The launch of USDC-margined perpetual contracts, initially set for Jan. 3, was postponed due to unexpected market volatility.</li>
 <li>Binance rescheduled the launch to Jan. 4 for BTC, ETH, BNB, SOL, and XRP, aiming for a smooth trading experience.</li>
</ul>
<p>As the crypto industry welcomed 2024 with optimism, <a href="https://thenewscrypto.com/?s=Binance" target="_blank" rel="noopener noreferrer nofollow">Binance</a>, one of the leading cryptocurrency exchanges, brought forth significant updates for traders and holders of XRP and Solana (SOL).</p>
<p>However, an unexpected twist in the form of market volatility prompted Binance to postpone the launch of USDC-margined perpetual contracts initially scheduled for Jan. 3.</p>
<h2 class="wp-block-heading" id="h-binance-s-announcement-and-revised-launch-schedule">Binance’s Announcement and Revised Launch Schedule</h2>
<p>Binance had previously announced its plans to introduce USDC-margined perpetual contracts for BTC, ETH, BNB, SOL, and XRP. The original launch date of Jan. 3 faced a delay, with Binance Futures rescheduling it to Jan. 4.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> Futures Will Postpone the Launch of USDC-Margined BTC, ETH, BNB, SOL and XRP Perpetual Contracts<br><br>Read more<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/SxUXeoKK2L" rel="noopener noreferrer nofollow">https://t.co/SxUXeoKK2L</a></p>— Binance Futures (@BinanceFutures) <a href="https://twitter.com/BinanceFutures/status/1742536832108380392?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 3, 2024</a>
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<p>The decision was attributed to the recent market upheavals and aimed at ensuring a smooth and favorable trading experience for users.</p>
<p>According to the revised schedule, Binance initiated the launch with the USDC-margined BTC perpetual contract on Jan. 4 at 12:30 UTC. Subsequent contracts for SOL, XRP, ETH, and BNB followed at five-minute intervals.</p>
<h2 class="wp-block-heading" id="h-crypto-market-performance-of-xrp-and-sol-nbsp">Crypto Market Performance Of XRP and SOL&nbsp;</h2>
<p>As the crypto market embarked on the new year, Bitcoin approached the $46,000 price threshold, setting an optimistic tone. XRP and Solana also witnessed positive starts, achieving highs of $0.639 and $117, respectively, on Jan. 2. However, the bullish sentiment was short-lived.</p>
<p>The market dynamics swiftly shifted as bears took control. Bitcoin faced a significant drop, erasing most of its early-year gains and interrupting a robust surge that had outpaced traditional assets.</p>
<p>On Jan. 3, which marked the 15th anniversary of Bitcoin’s first block, XRP and Solana experienced notable declines, with XRP dropping by 11%, and Solana’s SOL plummeting by nearly 20%.</p>
<p>As of the latest data, both XRP and Solana continue to grapple with the aftermath of the market correction. In the previous 24 hours, XRP and Solana have exhibited single-digit losses.</p>

Binance Delays USDC Contracts Launch for XRP and SOL

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TheNewsCrypto

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