Huobi HTX Opens LOBSTER/USDT Trading on March 12
Cryptocurrency exchange Huobi HTX has officially announced the listing of the Chinese meme coin $LOBSTER (龙虾), a token operating on the BNB Smart Chain (BSC). The exchange will introduce a LOBSTER/USDT spot trading pair, granting its user base direct access to the token.
The rollout follows a structured schedule. Deposits for the token were set to open on March 12 at 11:00 UTC+8. Spot trading will commence two hours later at 13:00 UTC+8 on the same day. Investors will be able to process withdrawals starting March 13 at 13:00 UTC+8, completing the token's integration into the platform.
Listing Provides Key Liquidity for BSC-Based Token
The introduction of $LOBSTER on a prominent platform like Huobi HTX is a significant development for the meme coin. Such listings typically enhance a token's market exposure and provide a substantial boost in liquidity, making it easier for traders to buy and sell.
For traders, the event introduces potential for heightened price volatility, a common characteristic following new listings on major exchanges. This increased access to capital and a broader investor base often results in sharp price movements as the market establishes a new valuation for the asset.
