The cryptocurrency market has been going through a very active period lately. Important announcements from Binance also contribute to this activity. For example, Binance decided to remove some spot trading pairs as of March 1, 2024. In addition, new FDUSD and USDT trading pairs have been added to Binance Margin. Finally, Binance will temporarily suspend token deposits and withdrawals to support the upgrade of the Sei network. In this news, we will examine these three important announcements of Binance in detail.
Binance delists some spot trading pairs
Binance, one of the world’s leading cryptocurrency exchanges, announced that ALPINE/EUR, GMT/BNB, LAZIO/EUR, POLS/BNB and PORTO/EUR spot trading pairs will be removed, effective March 1, 2024.
As the reason for this decision, Binance cited various factors such as poor liquidity and transaction volume. Binance emphasized that it made periodic reviews and adjustments due to its commitment to protect users and provide a high-quality trading environment, and within the scope of these adjustments, these spot trading pairs were removed from the list.
Users who want to trade in spot trading pairs removed from the list must complete their transactions before March 1, 2024. Spot Trading Bots using these trading pairs will expire at 06:00 on March 1, 2024. Users are advised to update or cancel their bots to reduce possible losses.
New margin pairs are coming to the stock market
In other news, Binance added new FDUSD and USDT trading pairs in Margin, Cross and Isolated Margin.
New Cross Margin Pairs:
New Isolated Margin Pairs:
- DOT/FDUSD
- LDO/FDUSD
- NEAR/FDUSD
- SHIB/FDUSD
- TIA/FDUSD
- WLD/FDUSD
Support for SEI upgrade
Finally, Binance will temporarily suspend token deposits and withdrawals around 19:00 UTC on February 28, 2024, to provide the best user experience of the Sei (SEI) network. The network upgrade will occur at block height 60,622,970 or approximately on February 28, 2024 at 20:00 UTC. Binance’s recent announcements have a significant impact on the cryptocurrency market and among investors.
The removal of spot trading pairs will directly affect investors trading in these pairs. Additionally, if investors have open positions in these pairs, they must close these positions before March 1, 2024.
cryptokoin.com As we reported, the addition of new margin trading pairs is critical. Because it will offer new opportunities to investors who want to engage in margin trading. Before trading these pairs, it is important for investors to understand the risks and dangers of using leverage. The upgrade of the Sei network will affect investors trading on the Sei network for a short time. Investors are advised not to deposit or withdraw tokens during this upgrade.
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