Binance, the world’s leading cryptocurrency exchange, today announced several changes to its platform, including the delisting of selected trading pairs, additions to credit offerings, and Lisk contract exchange support. Here’s a breakdown of the major updates:
Binance delists some trading pairs
In order to maintain a high-quality trading environment, the exchange will delist three spot trading pairs: CFX/TUSD, CHESS/BTC and ORDI/TUSD. The delisting will take effect on May 17, 2024 at 06:00 CET. This decision allows users to access more actively traded pairs based on factors such as low liquidity and trading volume.
It is important to note that delisting only affects the specific trading pair and not the underlying tokens. Users can continue to hold and trade CFX, CHESS, ORDI, TUSD and BTC on other available pairs on Binance Spot. Additionally, Binance will discontinue Spot Trading Bots services for these delisted pairs and encourage users to update or cancel their bots before the deadline to avoid potential losses.
Credit options are expanding
The exchange offers more opportunities for users to strengthen their crypto assets through loan products. Binance Loans (Flexible Rate) and VIP Loan have seen an increase in the number of loanable assets. Users with Flexible Rate loans can now borrow Adventure Gold (AGLD), Highstreet (HIGH), ssv.network (SSV) and Theta Network (THETA) loans. VIP Credit users have access to dogwifhat (WIF), ether.fi (ETHFI), Pepe (PEPE) and Renzo (REZ) as additional collateral options.
For the latest interest rates and a complete list of loanable assets, users can check out the Loan Data and VIP Loan sections on Binance. Those interested in VIP Credit details can contact the Binance VIP Key Account Coverage team for personalized information.
Binance will provide Lisk contract exchange
Binance will facilitate contract clearing for Lisk (LSK) tokens. This means that all deposits and withdrawals of legacy LSK tokens will be suspended from 05:00 UTC on May 21, 2024. Users are advised to complete any necessary LSK deposits or withdrawals before the deadline to avoid any disruptions.
The good news is that spot trading, margin trading, futures trading, and Binance Earn services will not be affected during the contract swap. The exchange will handle all technical aspects for users holding LSK tokens. The swap ratio is 1 old LSK to 1 new LSK. Once the swap is complete, deposits and withdrawals of old LSK tokens will no longer be supported. Once the process is completed, Binance will announce that deposits and withdrawals for the new LSK tokens will resume.
USDC integration on Base Network
Finally, the exchange completed the integration of USD Coin (USDC) into the Base network. This means users can now deposit USDC tokens to their Binance accounts using the Base network. The token deposit address can be found on the Binance platform. Withdrawals for USDC on the Base network will be opened once sufficient deposits have been made.
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