Binance Announced for 8 Altcoins: Listing Also Available!

Binance, the leader of cryptocurrency exchanges, continues to improve user experience and expand the options it offers. Several recent important announcements bring exciting developments for cryptocurrency enthusiasts. In this article, we will review Binance’s information about new spot trading pairs, adding FDUSD as a margin asset, and PIXEL airdrop support.

Binance lists 6 new trading pairs As we reported, Binance, the leading global cryptocurrency exchange, recently announced several updates to improve user experience and expand its offerings. First of all, Binance will introduce six new trading pairs to the Spot platform. These; OM/TRY, PEPE/FDUSD, PIXEL/USDC, STRK/USDC, THETA/TRY and UNI/FDUSD. Important items on the subject are as follows:

  • Trading of these pairs will begin on March 5, 2024 at 11:00 AM ET.
  • This addition offers users more flexibility and diversification options for their trading strategies.
  • It is important to note that TRY is a fiat currency specifically for the Turkish market and does not represent any crypto asset.

FDUSD comes to margin trading

In other news, Binance Futures will introduce FDUSD as a supported margin asset in Multi-Asset Mode starting at 12:00 UTC on March 8, 2024. This update offers users more flexibility in managing margin positions in Multi-Asset Mode. Simultaneously, USDP will no longer be supported as a margin asset in the same mode. Because it is planned to be stopped completely on March 14, 2024, at 09:00 CET.

To facilitate a smooth transition, USDP transfer limits in Multi-Asset Mode have been set to zero. Any remaining USDP balances in USDⓈ-M Futures wallets after the suspension date will be automatically converted to USDT at a 1:1 ratio within 24 hours. Binance informed users that this conversion may not be immediately reflected in their transaction history.

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Support for PIXEL airdrop

Finally, Binance Earn will distribute a PIXEL airdrop to eligible users who hold RONIN Locked Products. Eligibility is determined at the February 9, 2024 snapshot time. So, at 02:59 CET, the total RONIN Locked Products will be determined according to the subscription amount. Airdrop amount varies between 183.34 PIXELS and 3,955.11 PIXELs depending on the subscription level. The distribution is expected to be completed by March 18, 2024 at 15:00 CET. Binance Earn will release a separate announcement confirming its completion.

These announcements demonstrate Binance’s commitment to constantly improving its platform and meeting the changing needs of its users. Adding new trading pairs and introducing FDUSD as a margin asset is critical. Because it provides users with more flexibility and control over their trading activities. Additionally, it is noteworthy that PIXEL airdrop is supported for eligible users. In particular, it further strengthens Binance’s position as a comprehensive platform for cryptocurrency enthusiasts.

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