Binance, one of the leading cryptocurrency exchanges, announced various updates aimed at improving user experience and market liquidity. Here are the details…
Binance will delist those altcoin pairs
To maintain a high-quality trading environment, the exchange will delist six spot trading pairs due to low liquidity and trading volume. These pairs include BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD and UNI/BNB. The delisting will occur on April 12, 2024, at 03:00 UTC. The important thing is that the underlying assets (BAKE, ID, etc.) will continue to be available for trading on other Binance spot trading pairs.
Assets on the margin are expanding
Binance Margin offers users greater flexibility by adding new borrowable and collateral assets. New loanable and collateral assets include AS Roma Fan Token (ASR), Atletico de Madrid Fan Token (ATM), FIO Protocol (FIO), Juventus Fan Token (JUV) and Wanchain (WAN), depending on margin type. This expansion allows users to diversify their portfolios and implement more strategic margin trading.
Exchange in futures contracts for 7 cryptocurrencies will be operational
On the other hand, to improve market liquidity and user experience, Binance will adjust the confirmation size of various USDⓈ-M futures contracts. The change will become operational starting tomorrow. Affected contracts include WUSDT, IDUSDT, SSVUSDT, FXSUSDT, GLMRUSDT, GMXUSDT and NMRUSDT. The new tick sizes will be significantly smaller than the previous ones, which will increase the granularity of the market.
Binance credits have new additions
Binance is expanding its loan offerings by adding a significant number of new loanable assets to its Flexible Rate loan program. These new assets include Aevo (AEVO), BakeryToken (BAKE), Beam (BEAMX), Ethena (ENA), ether.fi (ETHFI), Hedera (HBAR), IOTA (IOTA), Jupiter (JUP), Kadena (KDA). , ORDI (ORDI), Pepe (PEPE), Pyth Network (PYTH), Synthetix (SNX), Celestia (TIA), VeChain (VET), dogwifhat (WIF), Xai (XAI) and eCash (XEC). Additionally, Binance VIP Loan added Saga (SAGA) and Tensor (TNSR) to its list of loanable assets.
Users can access the latest interest rates and a full list of loanable and collateralized assets on the Binance Loan Data page. These updates demonstrate Binance’s plan to provide its users with a dynamic and evolving trading platform. Binance aims to create a more efficient and user-friendly experience for cryptocurrency enthusiasts by delisting inactive trading pairs, expanding margin options, refining confirmation sizes, and introducing new loanable assets.
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