Binance, one of the world’s largest cryptocurrency exchanges, has made critical announcements recently. The exchange’s announcements included listing of two trading pairs and several delisting transactions. Here are the details…
Binance Futures ends support for SOL
Binance, one of the world’s leading cryptocurrency exchanges, has made several important announcements regarding its futures platform and spot trading pairs. Binance Futures will end support for SOL as a margin asset in Multi-Asset Mode starting July 6, 2023 at 06:30 (UTC). According to the statements, this decision was made following the update on March 20, 2023, where the transfer limit for SOL in Multi-Asset Mode was set to zero.
Binance Futures will automatically convert all SOL holdings in USDⓈ-M Futures accounts to USDT within four hours, starting at 09:30 on July 6, 2023, to ensure a smooth transition for users. Conversion will be based on the average SOLUSDT Price Index, which occurred between 08:30 and 09:30 on July 6, 2023. Converted USDT assets will remain in users’ USDⓈ-M Futures accounts. However, users who choose not to participate in the conversion process are advised to transfer their SOL assets from their USDⓈ-M Futures accounts before 09:30 on July 6, 2023.
Simultaneously, Binance Futures announced that from 09:30 on July 7, 2023, BETH will be included as a margin asset in its Multi-Asset Mode. Maximum transfer limits for BETH margin assets will vary based on users’ VIP levels. The margin balance for BETH will be calculated in real time using the BETHUSDT price index.
Added MAV to Convert
On the other hand, Binance is excited to announce the addition of MAV to Binance Convert. Users can now trade between MAV and BTC, USDT and other tokens supported by Binance Convert for zero fees. This new development provides greater accessibility and convenience for investors who want to trade with the MAV token.
Two new trading pairs now available on the stock market
Alongside this, Binance is expanding its spot trading pairs with the launch of two new trading pairs: BCH/TUSD and CFX/TUSD. Trading for these pairs will start at 11:00 am on 30 June 2023. Within 48 hours of the trading start time, Binance Spot Grid will be activated for trading pairs BCH/TUSD and CFX/TUSD, allowing users to use grid trading strategies. Specifically, users will enjoy zero maker fees on these trading pairs until further notice.
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