The leading cryptocurrency exchange Binance has recently made several important announcements that will affect its users. In addition to offering new trading pairs, the platform has added COMBO as a new loanable asset on Cross Margin and Isolated Margin. In addition, Binance will support the upcoming MultiversX (EGLD) network upgrade, and Binance Futures will make adjustments to the leverage and margin tiers of USDⓈ-M MTLUSDT perpetual futures contracts. Here are the details…
Binance expands trading options for these cryptocurrencies
Continuing to offer a variety of trading opportunities to users, Binance has added COMBO as a new borrowable asset on both Cross Margin and isolated margin. This expansion signals investors to further diversify their portfolios. It also enables them to explore additional investment opportunities. Also, Binance is launching new trading pairs on Cross Margin, including COMBO/USDT, SUI/TUSD, and TUSD/BUSD. These additions give traders greater flexibility and more choice when engaging in margin trading.
Exchange will support MultiversX (EGLD) upgrade
On the other hand, Binance will support an important network update tomorrow, on June 8, 2023. It has announced that it supports MultiversX network upgrade, which is expected to take place at around 18:47 CEST tomorrow. cryptocoin.com As we have also reported, EGLD is among the popular altcoins. During this upgrade, EGLD deposits and withdrawals will be temporarily suspended from 18:00 CEST on the same day. However, EGLD trading will not be affected. Because Binance will manage all the technical requirements for users holding EGLD in their Binance accounts. Once the upgraded network is deemed stable, Binance will reopen deposits and withdrawals for EGLD without further notice to users.
Exchange issues MTLUSDT perpetual futures contracts
Binance Futures has made changes to the leverage and margin tiers of USDⓈ-M MTLUSDT. Traders with existing positions opened prior to the update were warned that their positions would be affected. To avoid potential liquidation, users are strongly advised to adjust their positions and leverage before adjusting. Binance Futures also underlined that additional protective measures can be taken, such as changing the maximum leverage, position value and maintenance margin, or updating the funding rates and price index components.
Binance continues to expand its services and provide a safe trading environment for its users. The addition of COMBO as a borrowable asset on cross and isolated margin, along with the introduction of new trading pairs, increases trading options for Binance users. Support for MultiversX (EGLD) network upgrade underlines the exchange’s network support.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.