The world’s leading Bitcoin and altcoin exchange Binance has recently made two important announcements about the products they offer to users. The first announcement was the addition of six new trading pairs to the Binance Spot platform. The second announcement was about the change to the Swipe (SXP) network and the rebranding of the project as Solar. Here are the details…
Binance adds these altcoin pairs to the platform
According to the first announcement, starting March 29, 2023 at 11:00 am, Binance users will be able to trade LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD and XRP/TUSD on the Binance Spot platform. Users will also enjoy zero maker fees on these trading pairs until further notice. This move comes as Binance continues to expand its offerings, meeting the growing demand for various cryptocurrency trading pairs.
Binance’s decision to add these trading pairs comes at a time when the cryptocurrency market is seeing renewed interest and demand. The addition of these trading pairs will give traders more choice and flexibility in their investment strategy. Lido DAO (LDO), Polygon (MATIC), Optimism (OP), Solana (SOL), SSV Network (SSV), and Ripple (XRP) are well-known and established cryptocurrencies that are expected to attract substantial trading volume.
Exchange supported on swipe network
In addition to the new trading pairs, Binance also announced its support for Swipe’s (SXP) mainnet swap and its plan to rebrand as Solar (SXP). All Swipe (SXP) tokens in the ERC20, BEP2 and BEP20 networks will be migrated to the Solar mainnet at a rate of 1 Swipe (SXP) = 1 Solar (SXP). Deposits and withdrawals of Swipe (SXP) tokens on the ERC20, BEP2 and BEP20 networks will no longer be supported after the mainnet swap is complete. Binance will only support deposits and withdrawals of Solar (SXP) tokens through its mainnet. More details on the timeline of the mainnet change will be provided in a separate announcement.
Binance’s decision to support Swipe (SXP) mainnet swap and rebrand to Solar (SXP) reflects the exchange’s commitment to providing users with the latest and most innovative cryptocurrency offerings. The transition to the solar mainnet will enable faster and more cost-effective transactions that are expected to attract more users to the platform.
cryptocoin.com As we also reported, in December 2021, Binance purchased the outstanding shares of Swipe. Binance and Swipe worked with regulated and licensed entities to issue Visa cards, and Swipe acted as Binance’s card program manager and technology platform. Due to Swipe’s business focus and Binance’s acquisition, SXP (Solar) had become a community-driven standalone project.
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