NEAR Listing on Backpack Exchange Amid USDC Minting
USDC (USDC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that NEAR Protocol has been listed on Backpack Exchange, adding spot trading and native USDC support. This move is designed to enhance market accessibility and provide a smoother trading experience for users. Backpack Exchange is noted for its user-friendly interface and robust security measures, which attract a diverse range of traders.
The listing is expected to significantly increase NEAR’s visibility and trading volume on the platform. This development coincides with broader liquidity activities, including a recent $250 million minting of USDC. The influx of USDC liquidity is seen as a factor that can stabilize trading environments for cryptocurrencies like NEAR.
Analysts are currently observing how this new support structure impacts trading volumes and price dynamics. The report suggests that this addition could shift market sentiment positively despite mixed signals in the broader crypto market. Traders are advised to monitor the impact of this listing on overall market dynamics in the coming weeks.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 6 October 2026. Not the outlet's figures.
USDC is trading at $1.00 with a 1-hour buy ratio of 45.0%, indicating slightly more selling pressure in the immediate short term. However, the 4-hour buy ratio rises to 51.7%, suggesting that buying pressure is building over a slightly longer timeframe compared to the hourly view. The 24-hour buy ratio sits at 49.4%, showing a near-even split in trading activity over the last day. Volume delta data reveals a net outflow of $16,187,948 in the last hour, contrasting with a net inflow of $23,303,669 over the past four hours. This indicates that while immediate selling has occurred, the preceding four-hour period saw stronger accumulation. The 24-hour volume delta is -$49,134,216, with a cumulative volume delta (CVD) of -$23,555,967 at close, reflecting a net negative flow over the full day.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.5%, meaning today's 24-hour ratio of 49.4% is slightly above average. Trading volume today was 1.41 times the average, marking it as an unusually active day for USDC. Despite this high activity, the coin experienced only one day of net buying in the last seven days. The 8-day volume delta total was -$674,090,638, showing a substantial net outflow over the week despite today's relative activity. The price change over eight days remains at 0.0%, indicating stability despite the volume spike.