Cryptocurrency exchange giant Binance offers its users both exciting new opportunities and delist news. Let’s look at the details together.
ZKsync has arrived on Binance!
Binance announced that it has added the ZKsync (ZK) token to its Binance Convert and “Buy Crypto” platforms. Thanks to this, users will now be able to exchange ZK for BTC, USDT and all other tokens supported by Binance Convert with zero fees. You can convert ZK to target price at any time. You can also purchase ZK directly with your credit/debit card, Google Pay, Apple Pay, or trade from the “Buy Crypto” page with your existing wallet balance. This development is seen as an important step in terms of providing users with easier access to ToM and the opportunity for diversification.
Attention: LINA/BTC margin transactions are ending
Unfortunately, another announcement made by the exchange states that margin transactions regarding the LINA/BTC pair have ended. As of June 19, 2024 at 09:00 CEST, both Cross Margin and Isolated Margin transactions for LINA/BTC will be suspended. Before this date, isolated margin lending transactions will be stopped on June 18, 2024 at 13:00 CET. Then, at the specified time on June 19, users’ positions will be closed, settlement will be made automatically and all pending orders will be cancelled. LINA/BTC pair will be completely removed from the Margin platform.
Binance reports that users can still trade the LINA token through other trading pairs. However, he emphasizes that position updates are not possible during the delist process. Users are strongly advised to close their positions and/or transfer their assets from Margin wallets to Spot wallets before June 19 at 09:00 UTC to avoid potential losses.
Binance margin gets richer with new trading pairs
Binance is constantly reviewing and expanding the trading options offered on the platform to improve users’ trading experience. In this context, new parities that can be traded with FDUSD, USDC and USDT have been added to Binance Margin. These new pairs, valid for both Cross Margin and Isolated Margin, are listed as follows:
Cross Margin
- 1000SATS/FDUSD
- BB/FDUSD
- BONK/FDUSD
- ETHFI/USDC
- FIRO/USDT
- FLOKI/FDUSD
- NOTE/FDUSD
- PEOPLE/FDUSD
- W/FDUSD
- WIF/FDUSD
- ZK/FDUSD
Isolated Margin
- 1000SATS/FDUSD
- BB/FDUSD
- BONK/FDUSD
- ETHFI/USDC
- FLOKI/FDUSD
- NOTE/FDUSD
- PEOPLE/FDUSD
- W/FDUSD
- WIF/FDUSD
- ZK/USDT
Conclusion: Binance continues to attract attention with its announcements
While Binance offers new opportunities to its users with ZKsync integration, the end of LINA/BTC margin transactions may upset some investors. It will be beneficial for users to pay attention to delist news, manage their positions in a timely manner and evaluate the newly added trading pairs.
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