Catizen (CATI) surged 34% in its first trading session on Binance. The listing comes with new margin trading pairs and a zero-fee structure for conversions.

The CEX has announced that Catizen (CATI) would be added to simply earn, buy crypto, convert, and margin today. This announcement was made official by Binance on September 20. The TON-based cryptocurrency, however, is now trading on the platform.

Binance Lists CATI on Simple Earn and Margin

At 10 UTC, the CATI Simple Earn and Flexible products were listed, as stated in the release. Token sales will begin on September 23 and will be available for purchase through all auto-invest payment methods.

On top of that, the platform accepts payments made with Apple Pay, Google Wallet, MasterCard, and Visa. The asset can be purchased using wallet balances on the "buy crypto" page, according to CoinGape.

Trading Begins With Zero Fees on Convert

Within one hour of the token being listed on Binance, "users will be able to start trading CATI against BTC, USDT, and any other tokens on convert at zero fees," according to the exchange. In addition, today at 12 UTC, you will be able to trade the "CATI/USDT and CATI/FDUSD" pairs on Cross and Isolated Margin.

Optimism about the future of Catizen's price action has been fueled by the announcement, which has sent shockwaves across the cryptocurrency market.

Catizen Price Spikes 34% After Binance Listing

The price of CATI, which made its debut on a leading cryptocurrency market, surged 34% from its 24-hour low of 0.6989 to reach $0.9353 as of press time. Intraday low for the coin was $0.832 and high was $0.9913.

Consistent with earlier listings on the crypto exchange giant, this price action is growing. Notably, following its launch on Binance, the price of Kadena (KDA) surged by approximately 30%. Plus, with their listings on CEXs, even the Solana coins MEW and FIDA acquired value.

CATI on Track for $1 Despite Airdrop Controversy

The overall increase in Catizen's pricing is in line with this market trend. Despite the controversy surrounding the airdrop, a recent price analysis of CATI by CoinGape indicated that the coin may hit $1.