Liquity token (LQTY) surges over 30% following Binance listing Liquity token (LQTY) surges over 30% following Binance listing
Binance will list LQTY in the innovation zone and open spot trading support from 11:00 UTC on Feb. 28.
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Updated: Feb. 28, 2023 at 9:08 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Liquity protocol’s native token (LQTY) has posted a 32% gain in the last 24 hours following a listing announcement by Binance.
Liquity is a decentralized borrowing protocol that allows users to borrow LUSD stablecoin and LQTY. Users can receive interest-free loans using ETH as collateral.
Binance to list LQTY
Leading crypto exchange Binance announced on Feb. 28 that it would list Liquity’s LQTY token in the innovation zone.
Users can deposit their LQTY into Binance in readiness for spot trading activities that will open at 11:00 (UTC). For a start, Binance said it would add support for the LQTY/BTC and LQTY/USDT trading pairs.
In addition, Binance said it would add LQTY as a borrowable asset in the isolated margin account.
Following the Binance listing announcement, the LQTY price has increased to a local high of $1.8, recording a 32% gain over the last 24 hours.
In the last thirty days, LQTY has increased by over 103%, pushing its total market cap to $167 million, according to CryptoSlate data.
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Author 
Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Liquity
$1.08832
Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
