Binance, one of the world’s leading cryptocurrency exchanges, has made a series of important announcements and announced various updates and changes for its platform. These updates range from token swaps and trading pairs to platform integrations. Here’s a breakdown of the key developments:
MC token swap has started
Binance is preparing to support the Merit Circle (MC) token swap, revaluation and rebranding as Beam (BEAMX). MC (both ERC20 and BEP20) deposits and withdrawals will be suspended on November 7, 2023 at 06:30 UTC. Users are advised to complete their MC transactions before this time. Binance will notify users when BEAMX (ERC20 and BEP20) deposits and withdrawals become available. After the event, MC token deposits and withdrawals will no longer be supported. The swap rate is 1 MC = 100 BEAMX.
New trading pair and bot services attracted attention
Binance will introduce new trading pairs for ALGO/FDUSD, DOT/FDUSD, FTM/FDUSD, LINK/FDUSD, NEAR/FDUSD, and STRAX/TRY on October 26, 2023 at 11:00 AM ET. Additionally, trading bot services will be enabled for various trading pairs, including BTC/USDC, ETH/USDC, and FLOKI/USDT.
Binance hints at MAV integration
In other news, Binance has successfully integrated the Maverick Protocol (MAV) into the Base network, allowing deposits and withdrawals for MAV tokens.
BIFI conducts token swap
Binance has completed the contract swap for Beefy (BIFI) ERC20 tokens. The new BIFI (ERC20) smart contract address is 0xB1F1ee126e9c96231Cc3d3fAD7C08b4cf873b1f1. Deposits and withdrawals for BIFI (BEP20 and BEP2) tokens are no longer supported.
There is a delist in Binance margin pairs
Finally, Binance Margin, AGLD/BUSD, AKRO/BUSD, BAND/BUSD, CFX/BUSD, CTSI/BUSD, CVP/BUSD, DUSK/BUSD, FET/BUSD, FXS/BUSD, GAS/BUSD, HIGH/BUSD, PROM Announced isolated margin delist for /BUSD, PROS/BUSD, SXP/BUSD, WAVES/BUSD, XEC/BUSD, XVS/BUSD pairs. He also announced his cross-margin delist plan for the PAXG/BUSD pair. Users who have positions in these pairs are advised to close these positions before delisting them. Binance Margin will hold these delists on November 2, 2023 at 09:00 UTC. Automatic settlement and order cancellation will occur at the time of delisting.
It is important to note that users can continue to trade the affected assets on other trading pairs available on Binance Margin. However, users are advised to close their positions and transfer assets from Margin Wallets to Spot Wallets before delisting to avoid possible losses. Binance continues to evolve and adapt to the dynamic cryptocurrency market by providing its users with a safe and efficient trading experience. These updates demonstrate the exchange’s commitment to remaining at the forefront of the crypto industry. Investors and traders are advised to be informed about these changes and take appropriate steps when necessary.
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