Liquity token (LQTY) surges over 30% following Binance listing

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.

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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.

Journalist at CryptoSlate

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.