Binance, one of the leading altcoin exchanges, recently announced that it will make various changes to spot trading pairs and leveraged tokens. These changes are aimed at optimizing trading options and providing a better experience for users. The regulations will come into effect on certain dates, and users are advised to pay attention to the following details. Here are the details…
Binance will remove certain altcoin pairs
Effective July 13, 2023 at 06:00 CEST, Binance will remove and stop trading the following spot trading pairs: API3/BUSD, BLZ/BUSD, GHST/BUSD, NEXO/BUSD, STPT/BUSD and WIN/BUSD. However, users need not worry as these assets will continue to be available for trading on other trading pairs offered by Binance. The decision to remove these specific spot trading pairs is part of Binance’s efforts to optimize its trading ecosystem and provide a more streamlined experience for users.
In addition, Binance will also terminate the Trading Bots services for the above-mentioned spot trading pairs on the same date and time. Users who are already using Trading Bots for any of these trading pairs are strongly advised to update or cancel their bots before the Trading Bots services are stopped to avoid potential losses.
Leveraged tokens for XRP are also delisted
In addition, Binance announced that XRPUP and XRPDOWN leveraged tokens will be delisted and redeemed at 06:00 on July 25, 2023. Users holding these leveraged tokens are encouraged to use them before they are delisted. Redemption can be done through the wallet function or the Leverage Tokens page. For users who are unable to use their leveraged tokens prior to delisting, Binance will convert them to USDT upon delisting based on the net asset value (NAV) of the tokens. Converted USDT tokens will then be distributed to users’ accounts within 24 hours. Once the distribution is complete, leveraged token assets will be removed from the wallet.
Added new assets to Cross Margin
More positively, Binance has introduced four new loanable assets on Cross Margin. Users can now borrow PENDLE, STORJ, XEC, and XVG for USDT. These additions expand the range of options available for margin trading, allowing users to explore new investment opportunities. Users are advised to refer to the Margin Data provided by Binance for detailed information on updated collateralized assets, specific limits, margin rate and rates.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow on. 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.