Binance, one of the world’s leading cryptocurrency exchanges, has announced many updates that will affect its users in the coming days. Here are the details…
Binance adds new trading pairs
First of all, starting today, March 24, 2023, at 11:00 am Turkey time, the stock market will start trading for several new trading pairs. These include ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR and ID/TRY. Additionally, users trading on ARB/TUSD and ID/TUSD pairs will enjoy zero maker fees until further notice. It is important to note that EUR and TRY are fiat currencies and do not represent any other cryptocurrency.
Binance’s move to introduce new trading pairs came as the exchange traded BUSD holdings in the Secure Asset Fund for Users (SAFU) for TUSD and USDT. cryptocoin.com As we reported, this comes after BUSD issuer Paxos announced that it will no longer issue new tokens, which will eventually lead to a decline in BUSD market value. Binance has also made updates to its zero commission Bitcoin trading program and BUSD zero constructor commission promotion effective from March 22 until further notice. Under the program, users can trade Bitcoin with zero maker and taker fees for the BTC/TUSD spot trading pair.
Added 5 new altcoins for VIP Loan
In another update, Binance VIP Loan added AGIX, APE, ARB, ID and TUSD as new loanable assets. Binance VIP Loan, according to the stock market’s statement; is a personal and corporate overcollateralized loan service that offers competitive rates, terms and services. Users can use BinanceVIP Loan to unlock more potential in long-term mutual funds, leveraged trading and hedging strategies.
New coins are also included in the list of flexible products
Binance has added ARB, ID, TUSD, and USDC to its list of supported assets in its Simple Earn flexible products service. This service is a valuable feature for Binance users who hold dormant crypto assets.
Binance supports Tezos (XTZ) update
Finally, the exchange will support Tezos (XTZ) network upgrade. The Tezos (XTZ) network upgrade will occur at Tezos block height 3,268,609, or approximately at 17:24 CET on March 29. XTZ deposits and withdrawals will be suspended from approximately 17:24 on the same day. However, it is important to note that XTZ trading will not be affected during the network upgrade. Binance stated that it will fulfill all relevant technical requirements for all users who have XTZ in their Binance account. Binance will reopen deposits and withdrawals for XTZ once it thinks the upgraded network is stable. Users will not be notified in this regard.
These updates highlight Binance’s commitment to providing its users with a wide variety of services and trading options. Users are encouraged to be aware of all changes and updates by regularly visiting the Binance website and social media channels.
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