Binance exchange has grabbed attention by announcing the halt of pre-listing trading of RED token and the commencement of spot trading from March 6th. Meanwhile, MEXC exchange listing of the token has raised price growth expectations. These changes may lead to increased liquidity and investor participation. RED trading pairs on Binance spot market will include RED/BTC, RED/USDT, RED/USDC, RED/FDUSD, and RED/TRY. Deposits for RED are active now, with withdrawals starting from March 7th, 13:00 UTC. Both exchanges are taking precautions due to the token’s high volatility. MEXC also announced the addition of RED token to its tradable assets list. Despite the strong support, RED token price has decreased by 6.5% in the short term, causing market speculation. CoinMarketCap reports the pre-listing circulating supply was 40 million units, increasing to 280 million after the spot market listing, potentially leading to price fluctuations in the short term. However, if demand for this digital asset remains, a new historical price ceiling for RED might be reached.
