- Binance has added new trading bot support for FET and RENDER tokens, enabling Spot Grid and DCA strategies, which could boost trading activity and investor interest.
- With a generally bullish crypto market and recent price gains—especially FET’s 23% weekly rise—analysts and traders are speculating whether this move signals a smart opportunity to “buy the dip.”
Binance has recently made it easier to trade two specific tokens, FET and RENDER. They announced today, Monday, April 28th, that they are adding new trading bots for these tokens. This means people who use Binance will have more ways to buy and sell FET and RENDER. When an exchange like Binance adds more support for certain tokens, it often gets more people interested in trading them, which can lead to higher prices.
More Details on the New Trading Options
Binance’s announcement said that starting on April 29th at 8:00 AM UTC, users can use Spot Grid and Spot DCA services for the trading pairs FET/USDC and RENDER/USDC. These are automated trading tools that can help users trade more efficiently.
Binance mentioned that they are doing this to make their platform better for their many users.
To expand the list of trading choices offered on Binance Trading Bots services and enhance users’ trading experience, Binance will enable Spot Grid and Spot DCA services for the following trading pairs at 2025-04-29 08:00 UTC,
stated the notice.
However, it’s important to know that not everyone can use these new trading options. Binance listed several countries and regions where users will not be able to trade these pairs. These include Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, the U.S. and its territories like Puerto Rico and Guam, and any parts of Ukraine not controlled by the government.
Binance also added a note for users in the European Economic Area (EEA). They should be careful when trading these assets because of new rules about stablecoins called MiCA. For now, users in the EEA can trade USDC easily, but trading with other stablecoins like USDT is affected by these new rules.
Despite these restrictions for some regions, the new trading bots are expected to be popular, especially because the overall cryptocurrency market has been looking positive lately. When the market is doing well, traders and investors often look for new opportunities to make money, and new trading options like these can attract attention.
The prices of many cryptocurrencies have been going up. For example, Bitcoin and Ether prices have increased by about 7-9% in the last week. FET and RENDER are also showing signs of potential price increases. While RENDER‘s price went down slightly by 1% over the week, it did reach a high of $4.73.
It’s currently trading at $4.46, up 1.3% in the last 24 hours. FET‘s price has done even better, jumping up by a significant 23% in the last week to reach $0.7373, but made a small decline by 6.68% in the last 24 hours, and is trading at 0.7255. People who trade cryptocurrencies are watching these tokens closely to see if their prices will keep going up, especially with the new support from Binance and the positive market trends.
Binance co-founder and former CEO Changpeng Zhao (CZ) recently posted on X, saying, “Hope you bought the dip.” CZ’s tweet is seen as a lighthearted nod to the recent rebound, suggesting that those who invested during the downturn are now seeing gains. While it wasn’t a direct prediction, it fits CZ’s usual encouragement for long-term investment strategies during market volatility.