Centrifuge’s native cryptocurrency, CFG, has exploded by more than 60% in a matter of moments. This happened after Binance announced it would list the token for spot trading across three pairs. Namely, these are CFG/USDT, CFG/USDC, and CFG/TRY.
According to the official announcement, the trading will open today at 13:00 UTC. Users won’t be able to deposit CFG until one hour after the trading begins.
The price reacted immediately, soaring from around $0.12 to almost $0.2 before retracing to its current price of $0.181.
Moves like these are very typical of exchange listings, especially when it’s a leading name like Binance or Coinbase.
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