Binance, the world’s leading cryptocurrency exchange, recently announced a series of updates affecting various aspects of its platform. These changes include delisting certain tokens, performing network maintenance for certain coins, and adding new trading pairs and loanable assets.
Binance delists three altcoins
In order to ensure high-quality listing, Binance will delist three tokens. These tokens are as follows: DREP (DREP), Mobilecoin (MOB) and pNetwork (PNT). This decision came after an extensive review process that took into account factors such as project team commitment, development activity, trading volume, network stability and adherence to ethical practices, according to the exchange’s announcement. The delisting, scheduled for April 3, 2024, seriously affected prices.
cryptokoin.com According to data, MobileCoin experienced a 51 percent decline. The coin fell from $0.30 to as low as $0.14. Pnetwork likewise lost 47 percent of its value. It decreased from $0.19 to $0.90. There was also a 46 percent decline in DREP coin.
Support Arweave network upgrade
To facilitate the network upgrade and hard fork for the Arweave (AR) blockchain, Binance has taken action. Because, starting from March 26, 2024 at 16:00, AR token deposits and withdrawals will be suspended. The upgrade, scheduled for about an hour, aims to improve the functionality of the network and the user experience. More importantly, trading of AR tokens will not be affected. Binance says it will handle all technical issues regarding the upgrade. Users can then wait for deposits and withdrawals to resume once the current network is deemed stable.
Trading options are expanding
Binance is constantly trying to improve its users’ trading experience by introducing new trading pairs. This time, the exchange adds six new pairs: AAVE/TRY, ARKM/FDUSD, CRV/TRY, FET/BRL, RAY/FDUSD and RNDR/EUR. These additions, set for March 21 at 11:00 CET, appeal to a wide range of user preferences. Additionally, it potentially unlocks new trading opportunities.
Additionally, Binance will enable Trading Bots services for two additional trading pairs: AEVO/USDT and BOME/USDT. This allows users to automate their trading strategies with Spot Grid, Spot DCA and Rebalance Bots or leverage Spot Algo Orders for newly listed pairs. These tools allow users to benefit from advanced trading tactics and potentially optimize their returns.
Finally, the exchange has significantly expanded its loanable assets through Binance Loans (Flexible Rate). Users can now use a wider selection of cryptocurrencies as collateral, including leading names such as Algorand (ALGO), ApeCoin (APE), Dai (DAI), Open Campus (EDU), MultiversX (EGLD) and many more. This move appeals to users with diverse investment portfolios. It also potentially unlocks new opportunities to leverage existing crypto assets.
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