Binance, MEXC Boost RedStone (RED) to New ATH

Binance, the world's largest cryptocurrency exchange, has extended its support for RedStone (RED) by announcing the end of pre-market trading and the commencement of spot trading for the token. This move, along with MEXC's decision to list the same token, has sparked anticipation among traders and investors for a potential new all-time high (ATH) in the coin's price.

According to Binance's official announcement, pre-market trading for RedStone will conclude on March 6 at 09:00 UTC, followed by the initiation of spot trading at 13:00 UTC on the same day. The introduction of spot trading will facilitate regular buy and sell orders, enhancing liquidity and investor interaction with the asset. Market observers are now expecting an upswing in the coin's price due to increased money flow into its ecosystem.

The spot trading pairs that will be available on Binance include RED/BTC, RED/USDT, RED/USDC, RED/FDUSD, and RED/TRY. Users can start depositing RED in preparation for spot trading, with withdrawals set to begin on March 7 at 13:00 UTC. Notably, Binance has set the listing fee at 0 BNB, demonstrating the exchange's support for the project.

Binance has also applied a 'eed tag' to the token, indicating high trading risk amidst broader crypto market volatility. Pre-market orders will be automatically removed after trading ceases for the pre-market pair. Additionally, 'Spot Algo' orders for the mentioned trading pairs will commence on March 6 at 13:00 UTC, with trading bots and spot copy trading enabled within 24 hours of the listing on spot.

Simultaneously, MEXC has revealed that RedStone is coming to the 'Innovation Zone & Convert zone.' Deposits for the token are open, and trading will be available once liquidity requirements are met on March 6 between 12:45 and 13:00 (UTC).

Market sentiments remain bullish following the enhanced support from top exchanges. However, the RED price has dipped by 6.5% to $0.7988, sparking market speculations. CoinMarketCap data shows that the coin's circulating supply will increase from 40 million tokens to 280 million upon spot listing, which