- Binance announced it will list Ronin (RON) on February 5, 2024.
- Pullix has revealed major updates, including registration as an exchange service provider.
- The PLX token presale has reached stage 7, indicating Pullix is on track for its beta release and market debut.
Ronin (RON), the native token of the Web3 gaming platform Ronin Network, is among the tokens experiencing notable price movement today. Market activity intensified after major crypto exchange Binance confirmed it will list RON.
Meanwhile, investors are closely watching the upcoming hybrid exchange Pullix (PLX), whose token presale is currently in stage 7 of 8. Recent updates from the Pullix team have energized the community and raised expectations ahead of the platform’s beta launch.
Binance announces Ronin (RON) listing
Binance revealed on Monday that it will list Ronin (RON) on 5 February 2024 at 13:30 UTC. The exchange said spot trading pairs available at launch will include RONIN/BTC, RONIN/USDT and RONIN/FDUSD.
Following the announcement, Ronin’s price climbed to about $3.51 on several exchanges. Data from CoinGecko shows the EVM-compatible blockchain’s native token reached levels not seen since February 2022. At one point, RON traded roughly 33% below its all-time high of $4.29, which was recorded in January 2022.
The recent surge in Ronin’s price, coupled with today’s announcement, coincided with increased profit-taking by some holders. As a result, price action may retrace toward support in the $2.00–$2.50 range, a scenario that becomes more likely if the RON/USD pair fails to hold $2.80 as a new support level.
Pullix reaches a major milestone
Pullix is a new hybrid exchange designed to capture anticipated exponential growth in the DeFi ecosystem.
The project issued an update that has drawn strong interest from the DeFi community, as its presale has attracted significant participation in recent weeks.
A key announcement confirmed Pullix will soon release a beta version that integrates features from both centralized exchanges like Binance and decentralized venues such as Uniswap and dYdX. Achieving this milestone will deliver a hybrid exchange infrastructure aimed at addressing a chronic DeFi challenge—liquidity.
Pullix will incentivize users to provide liquidity while its hybrid model preserves a robust security framework, enabling users to retain control of private keys. The platform also plans to offer institutional-grade trading tools and a revenue-sharing mechanism that returns 30% of exchange profits to users as daily payouts.
Should you buy Pullix (PLX) today?
Ahead of its official beta launch, Pullix has rolled out several important updates. In a post on X, the team announced it has secured offshore regulatory approval, removing a significant legal uncertainty and clearing the path for launch.
The development team has progressed on trading infrastructure, website updates and a demo. They are also finalizing staking and token burn management panels to be in place before the PLX presale concludes. The ensuing beta release will pave the way for Pullix’s entrance to the market.
In a social update, Pullix highlighted these milestones and signaled that launch preparations are moving forward rapidly.
🔊 Major Pullix Updates 🔊
Pull up and listen closely – some BIG progress is unfolding! 👂👂
First and foremost – in massive regulatory news, we are OFFICIALLY approved and licensed offshore! No legal uncertainty – just full steam ahead to launch!!!
Also, we are in the home… pic.twitter.com/hSzsyBzAyu
— Pullix (@Pullixmarkets) February 3, 2024
At launch, the DeFi ecosystem stands to benefit from a platform offering institutional liquidity, enhanced security and advanced tools such as AI-driven trading and copy trading. These features could increase demand for the PLX token and support its utility as an investment asset.
So far, Pullix has raised more than $4.9 million during the PLX presale, with the token currently priced at $0.10 in the latest presale stage. That level of fundraising and ongoing interest indicate the project retains significant upside potential for interested investors, though as with all crypto investments, risks remain and participants should perform their own due diligence.