Binance, one of the largest cryptocurrency exchanges in terms of daily trading volume, recently announced that it will open two new altcoin pairs for trading. Here are the details…
Binance adds new pair for two altcoins
cryptocoin.com As we have also reported, Binance, the world’s largest cryptocurrency exchange, has recently made statements for some altcoins. According to a blog post published today, the exchange will support two new trading pairs for Fetch.ai (FET) and Prosper (PROS). The listing in question will take place on January 27 at 11:00 am in Turkey. Currently, USDT, BUSD, BNB and BTC pairs are active for FET. Now, the FET/Turkish Lira (TRY) pair is trading. On the other hand, Tether (USDT) transactions are opened for PROS traded against BUSD and ETH.
At the time of writing, Prosper has gained 35 percent in value. The FET, on the other hand, rose 0.1 percent and did not show much movement. PROS will be listed for USDT, the largest stablecoin. Therefore, the announcement of his new pair on Binance could be behind his rise.
The stock market announced its new feature
Meanwhile, as we reported yesterday, the exchange introduced a function to help API users prevent self-trading on their platform. The service will be available to Binance’s API users from January 26. Users of the exchange’s website and application will not be affected. Binance added that the feature is optional and will not have any impact on users who choose not to use it.
The Self-Trading Prevention (STP) function will prevent the execution of orders that will result in self-trading, an activity where users trade with each other to create the illusion that there is more activity than there actually is. Self-trading is therefore considered a form of market manipulation. Binance API is an exchange service that allows other trading companies to connect to Binance servers, access market data and enable trades.
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