Binance, one of the world’s leading cryptocurrency exchanges, came to the fore with various announcements. Here are the latest statements of Bitcoin and altcoin exchange…
Binance has added new trading pairs for these coins
It has made an official announcement on its website that new trading pairs have been added for Litecoin (LTC) and Radicle (RAD). Binance, which has more than 10 trading pairs for LTC and BTC, USDT and BUSD pairs for RAD, will now offer Litecoin and Radicle investors the opportunity to trade in Turkish Lira (TRY). According to the statement, investors will be able to start trading on Binance with trading pairs LTC/TRY and RAD/TRY starting from 11:00 on June 7, 2023.
New Range Bound band introduced
As a further development, Binance has also introduced a new Range Bound product line with updated Price Ranges and Settlement Dates. These products allow users to potentially earn higher rewards during periods of low market volatility. Subscription for Range Bound products will begin at 1:00 PM on June 6, 2023 on a first come, first served basis. Users can find more information about the new Price Ranges and Settlement Dates by visiting the given link.
Range Bound is an offer that allows users to earn rewards by choosing a Price Range and Settlement Date for their chosen digital asset. Users are eligible for rewards if the Asset’s Reference Price stays within the selected Price Range during the Subscription Period. However, users may also choose the portion of their Subscription Amount to be forfeited (Subscription Amount at Risk) if the Reference Price exceeds the Upper/Lower Range during the Subscription Period. The higher the Subscription Amount at Risk, the higher the Potential APR (Annual Percentage Rate). Range Bound includes BTC, USDT, BUSD, ETH and BNB
Exchange supports ZEN update
In addition, Binance has confirmed its support for Horizen (ZEN) network upgrade and hard fork. The upgrade and hard fork is scheduled to occur at the Horizen block height of 1,363,115. It is estimated that this transaction will take place on June 7, 2023 at approximately 16:00. Deposits and withdrawals from ZEN will be temporarily suspended from 15:00 on the same day.
It is important to note that trading ZEN will not be affected during the network upgrade and hard fork. Binance will fulfill all the technical requirements for users who have ZEN in their account. Also, the upgrade will not result in the creation of new tokens. Binance will reopen deposits and withdrawals for ZEN without further notice to users once the upgraded network is deemed stable. Users can immediately start trading on Binance Spot to take advantage of new trading pairs and discover Range Bound products.
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