Binance Launches WalletConnect Token For Trading and Lending

2 mins mins

Key Points:

WalletConnect Token launched on Binance with new trading pairs.
Offers WCT trading with USDT, USDC, and bank card support.
No regulatory concerns; aligns with DeFi token standards.

WalletConnect Token (WCT) officially launched on Binance at 11:00 UTC on April 15, 2025.

WCT’s introduction enhances Binance’s token offerings, allowing trading with USDT and USDC, and expanding its lending and staking options.

Binance Launches WalletConnect Token For Trading and Lending

Binance initiated the launch of WalletConnect Token (WCT) as its 67th project on the Binance Launchpool. The WalletConnect Foundation, known for connecting wallets and decentralized applications, managed the token launch. No direct statement was issued by Binance CEO Changpeng Zhao on the launch.

The introduction of WCT aims to broaden Binance’s financial services, featuring Simple Earn, leveraged trading, and contract trading. Users can now trade WCT against stablecoins and engage in lending activities, indicating an expanded market function for the token.

Market participants responded positively to the launch, with Binance noting WalletConnect’s pivotal role in enhancing Web3 connectivity. As Binance stated, “WalletConnect is redefining Web3 connectivity, bridging wallets and decentralized apps for a secure, scalable, and seamless user experience.” OKX introduces perpetual futures for WCT and margin trading options. WCT’s pairing with various payment methods and quick incorporation into Binance’s leverage platform signals enhanced market engagement.

WCT’s Market Valuation and Strategic Potential

Did you know? WalletConnect Token symbolizes a continued tradition of significant token launches on Binance Launchpool, similar to Arbitrum and Optimism, which promoted rapid ecosystem adoption.

WalletConnect Token (WCT) currently holds a CoinMarketCap valuation of $90.52 million with a price of $0.49 per token. Its trading volume within the last 24 hours reached $372,378. The circulating supply is set at 186.20 million against a maximum supply of 1 billion tokens.

walletconnect-token-daily-chart — WalletConnect Token(WCT), daily chart, screenshot on CoinMarketCap at 10:38 UTC on April 15, 2025. *Source: CoinMarketCap*

The Coincu research team anticipates that WCT could stimulate further integration into decentralized economies through its governance features, enabling stakeholders to shape its strategic pathways. Based on past trends, tokens like WCT often improve cross-platform connectivity and increase stakeholder influence over network evolution.