Binance announced a series of updates this week to streamline its offerings and meet user needs. Here is a summary of the important developments…
Binance delists some altcoin pairs
Maintaining a healthy trading environment is a priority for Binance. To ensure high liquidity and trading volume, the platform will delist several spot trading pairs at 06:00 UTC on March 15, 2024. These pairs include ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD and PENDLE/TUSD.
While trading ends for these particular pairs, users have the opportunity to continue holding the underlying assets (ARPA, COMP, EDU, PENDLE, BNB, TUSD). There is also the potential to trade them on other available pairs. It is important to note that Binance will also terminate Spot Trading Bot services for delisted pairs at the specified time. Users are advised to update or cancel their bots before the deadline to avoid possible losses.
The stock market expanded in borrowed assets
Binance Loans (Flexible Rate) is expanding its portfolio with the addition of several new cryptocurrencies. Users will now be able to borrow Axie Infinity (AXS), PAX Gold (PAXG), Pendle (PENDLE), Render (RNDR) and USD Coin (USDC) through the platform.
To benefit from this new feature, users need to ensure that they have the latest version of the Binance App. Older app versions will not support placing new credit orders. It is important to refer to the official announcement for the latest interest rates and a complete list of loanable and collateral assets.
New Earn products revealed
For users looking for lucrative crypto rewards, Binance Earn is launching “Earn Wednesday”. Every Wednesday, new offers will be announced on various Binance Earn products, including Simple Earn, BNB Vault, ETH Staking, Dual Investment and more.
This week’s highlights include flex products for USDT (approximately 22% APR), USDC (approximately 17% APR), and RONIN (approximately 2.5% APR). Users can also benefit from BNB Vault, which offers a combination of Real-Time APR, bonus tiered APR, and ETHFI Launchpool rewards. Aside from the dynamic APR offering for ETH Staking (approximately 3.6%), locked staking options for BNB (3.5% APR) and SOL (8.1% APR) are also available.
For those looking for potentially higher returns, Dual Investment offers multiple settlement dates with potential returns exceeding 15% for BTC. Be sure to check the minimum and maximum subscription limits for each offer to make sure you qualify.
Binance updates are important
Binance’s updates this week address a variety of user needs. The delisting of trading pairs aims to improve market efficiency. On the other hand, adding loan assets gives users more borrowing options. Finally, Earn Wednesday offers exciting opportunities for those looking to maximize their crypto assets through Binance Earn products.
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