Price of a new token in USD and USDT is different

[Sun2k]

Hi all

One thing I don't understand, on Binance, why when the new 1INCH-USD pair was listed at 0.20USD and the 1INCH-USDT pair was listed at 2.50USDT?

[bittick]

I thought that if that's only the chart but I guess people will not able to get in at 20 cents. Maybe it has become the started price but it will be happening only for a few seconds only.
I have been seeing the same chart in so many coins when it was getting started to be traded on exchange site.
It's very difficult to get into that started price or almost impossible.

[TGD]

Hi all

One thing I don't understand, on Binance, why when the new 1INCH-USDT pair was listed at 0.20USD and the 1INCH-USDT pair was listed at 2.50USDT?

It depends on the time of token listing in both exchange. I assume they are not listed at the same time and the 2.5USDT starting price of one exchange was the time which the current price of token on the other exchange it list first was 2.5USDT or close to it.

I can't clearly see the time on the graph that's why it's hard to verify.

Other reason was the liquidity volume on the orderbook.

[Akiko]

Maybe because there are mistake orders set by that time in USD and make a chart to increase that way but not a real price of coins it's just a beginning of it's pricea few cents for example. You should also check other exchange price before they list it in binance which is high enough so I don't think someone will do an orders in that price.

[aTriz]

Hi all

One thing I don't understand, on Binance, why when the new 1INCH-USDT pair was listed at 0.20USD and the 1INCH-USDT pair was listed at 2.50USDT?

that is really strange. are you sure they were listed at same day? maybe USD pair was listed before at 0.20 USD and when the price was 2.50, then Binance added USDT pair of that coin? because otherwise that doesn't make sense.

Maybe because there are mistake orders set by that time in USD and make a chart to increase that way but not a real price of coins it's just a beginning of it's pricea few cents for example. You should also check other exchange price before they list it in binance which is high enough so I don't think someone will do an orders in that price.

it's not a mistake. I assuem it's a because of time difference between both pair's listing.

[logfiles]

For your information, when Binance lists a coin, it never states what particular price will trade on. the price variation is entirely dependent on the people trading on a particular pair at a specific time, so the 0.2 USDT was due to the orders placed by some traders that were swept up by buyesr up to 2.5 USDT as you can see that long green candle in the graph.

[Sun2k]

that is really strange. are you sure they were listed at same day? maybe USD pair was listed before at 0.20 USD and when the price was 2.50, then Binance added USDT pair of that coin? because otherwise that doesn't make sense.

I made a mistake in the question, it is
On December 12 at 6 am 1INCH-USD is at the price of 0.20USD
On December 12 at 10 am 1INCH-USDT is at the price of 2.50USDT

Actually USD and USDT are not listed at the same time?

[Sun2k]

No answer?

[sunsilk]

No answer?

That's weird for me if it happened on the same exchange. And if it did happen at two different timeframes, only Binance can give an answer to why they did something like that. But the clue that we can have is about the demand when they've listed it.

In which pair you did trade? did you manage to earn when it's been listed for the first time with those pairs?