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Listing of the Degen token on Binance: A new round of project development

Recently it became known that the Degen token is officially listed on one of the largest crypto exchanges in the world - Binance. This event has already caused a stir in the crypto community, and its importance for the project is difficult to overestimate.

Why is it important?

1. Liquidity growth. Listing on Binance opens access to millions of traders around the world, which increases the volume of token trading. This reduces spreads and makes the asset more accessible to large players.

2. Project recognition. Binance carefully selects projects, which serves as a certain sign of quality for investors. The listing strengthens Degen’s reputation and attracts the attention of new participants.

3. Increase in the price of the token. Listing is often accompanied by a sharp increase in price due to a new inflow of capital. This is beneficial for both long-term holders and short-term traders.

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https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-degenusdt-perpetual-contract-with-up-to-75x-leverage-e25f171ca86342e9b7c160cc1697a090