Binance Backs Arbitrum & Other Cryptos: Prices To Rally?

Binance just announced expanded trading options for Arbitrum, Livepeer, and Ravencoin with new trading pairs and bot services.

The exchange platform allowed additional functionality for these cryptocurrencies, while market reactions show mixed price movements across the three supported tokens.

Binance Adds New Trading Pairs and Bot Services for Three Coins

Binance will open trading for LPT/USDC and RVN/USDC trading pairs on July 1, 2025, at 08:00 UTC as part of expanding spot trading choices for platform users.

The new pairs create new possibilities for USDC stablecoin pairings to trade against Ravencoin and Livepeer.

The exchange will also facilitate trading bot services for trading multiple cryptocurrency pairs simultaneously.

RVN/USDC and LPT/USDC trading pairs will both have Spot Algo Orders, which will allow for automated trading strategies for these new pairings.

Binance will also offered Spot Grid and Spot DCA bot trading services for ARB/USDC, doubling down on Arbitrum vs. USDC arbitrage trading.

The bot services offer algorithmic trading functionality to users in the form of grid trading methods and dollar-cost averaging.

The release impacts three different cryptocurrencies in the context of different service add-ons. Arbitrum gets access to sophisticated bot trading functionality, with Livepeer and Ravencoin getting the availability of new trading pairs in USDC and rudimentary algorithmic trading functionality.

Current market data positions Arbitrum at $0.3661, ranked 60 by market cap. Livepeer is at $6.30 as the 245th-ranked coin, and Ravencoin is at $0.01415 price ranking 271 by market cap.

ARB Price Surges While LPT and RVN Face Selling Pressure

Arbitrum increased 18% following the Binance news, with additional increases bringing the total increases to some 37% in the recent sessions.

Livepeer declined on bearish pressure even with the new trading pairs available, dropping 6.8% in the last 24 hours to $6.30. LPT goes between $6.30 and $6.78 on a daily basis.

Ravencoin shows little price fluctuation with a 0.4% fall to $0.01415 over 24 hours. RVN shows moderate weakness against Bitcoin with a 0.5% fall while trading in a narrow $0.01402 to $0.01454 daily range.

The price elicited mixed reactions that indicate different market reactions to Binance’s addition of services.

ARB enjoys the backing of trading bots while still recording good performance indicators, whereas LPT and RVN face selling pressure despite added USDC trading pairs.

Binance Effect Typically Drives Price Increases Across Listed Cryptocurrencies

Tokens commonly experience sharp price surges following Binance listing announcements. This is a pattern known as the Binance Effect, driven by multiple market factors.

The exchange maintained its position as the world’s largest cryptocurrency platform by trading volume.

Binance listings provide visibility and credibility markers that bring in both retail and institutional investors to newly supported cryptocurrencies.

The deep liquidity and worldwide accessibility of the platform enable instant, large-scale trading in conditions conducive to price appreciation as new buyers enter the markets.

Speculation and FOMO produce massive hype surrounding listing announcements, followed by subsequent buying sprees as investors try to make money from anticipated price movement.

Studies indicate that tokens listed on Binance record 41% daily price appreciations and 73% 30-day rallies following announcements.

Historical examples have witnessed Optimism gain more than 300% after listing on Binance. StakeStone gained more than 60% hours after listing announcements.

Such gains are, however, temporary, as initial euphoria wears off and initial investors take profits.

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