Crypto exchange Binance has announced support for the Dai stablecoin (DAI) and Maker Token of the MakerDAO platform. Against the background of this news, the MKR quotes went up sharply, at the moment they came close to the $600 mark.
Trading in pairs MKR/BNB, MKR/BTC, MKR/BUSD, MKR/USDT, DAI/BNB, DAI/BTC, DAI/BUSD, and DAI/USDT started on Thursday, July 23rd, at 14:00 UTC.
Right after the start of trading, the Maker's price climbed to $591.89. On July 22, the coin was trading at around $480. Taking into account the slight correction after the peak, by the time of publication, the price of the coin has grown over the last 24 hours by more than 18%.
The last time Maker traded at these levels over a month ago, on June 12th. Shortly before that, the coin experienced a sharp rise after listing on Coinbase.
Recall that a few days ago the capitalization of Algorand (ALGO) rose to a new all-time high after the announcement of cryptocurrency's support by the Coinbase. The price of the crypto coin increased at the moment by almost 30%.