Binance TH, a joint venture between Binance and Gulf Energy, has announced the listing of new trading pairs and existing tokens on new networks. This move aims to increase user engagement on the platform by adding popular cryptocurrencies like Terra Classic (LUNC), USTC, Terra (LUNA), Shiba Inu (SHIB), and others.

The announcement, made on June 8, revealed that Binance TH will list 10 new cryptocurrencies for trading on June 11. The new trading pairs include LUNA/USDT, LUNC/USDT, USTC/USDT, and others. This move is seen as a commitment by Binance to support LUNC, USTC, and LUNA tokens, amid growing demand from users in Thailand.

In addition to the new listings, Binance TH will also enable trading for existing tokens on new networks. This includes listing ETH on Base, Arbitrum, and Optimism, as well as USDT on Arbitrum, Optimism, and Avax C-chain. Furthermore, WAVES and SHIB will be listed on BSC. Trading for these cryptocurrencies will commence on June 11 at 2:00 PM local time.

The announcement comes at a time when the global crypto market is experiencing a downturn, with altcoin prices falling in the last 24 hours. However, market experts predict a rebound in prices soon. Despite the current drop, Shiba Inu is expected to continue its rally after the lull.

In conclusion, Binance TH's expansion of cryptocurrency offerings is a positive development for users in Thailand. The addition of popular cryptocurrencies like LUNC, USTC, LUNA, and SHIB demonstrates Binance's commitment to meeting user demand. As the crypto market continues to evolve, this move is likely to boost user engagement and trading activity on the platform.