Binance, the world’s leading Bitcoin and altcoin exchange, made several important announcements that will affect the crypto market today morning. The announcements included critical developments such as upgrade support and the listing of new trading pairs. In this article, we will discuss the four latest announcements shared by the stock exchange. Here are the details…
Binance announces upgrade support for altcoin REI
Binance has announced support for the upcoming REI Network (REI) network upgrade and hard fork. This development, which is planned to take place at block height 15,774,234, or approximately October 11, 2023 at 12:00 UTC, will bring significant changes for REI altcoin holders. As part of this upgrade, token deposits and withdrawals on the REI network will be temporarily suspended starting today, around 11:00 AM ET. It is important to note that this suspension will not affect REI token trading on the platform. Binance says it will take care of all necessary technical requirements, ensuring a seamless transition for all users. Deposits and withdrawals for REI tokens will continue once the upgraded network is deemed stable.
LOOM trading begins on Binance Futures
In other news, Binance Futures is taking the crypto derivatives market to the next level by launching the USDⓈ-M LOOM Perpetual Contract. This contract will be available starting today, October 11, 2023, at 17:30 CET and will offer investors up to 10x leverage. Moreover, at the time of launch, the maximum funding rate for the LOOMUSDT perpetual futures contract was set at +3.00%/-3.00%. This will be calculated and settled every four hours, providing investors with transparent and fair trading conditions.
New trading pairs announced for 7 altcoins
Additionally, Binance continues to expand its list of trading pairs, giving users more options to diversify their portfolios. Binance will open trading for several new pairs, including ADA/FDUSD, FIL/FDUSD, FRONT/TUSD, LEVER/TRY, LTC/FDUSD, RUNE/TUSD, and TRB/TRY on October 12, 2023 at 11:00 AM ET . In addition, Binance is offering a promotion for users with zero maker fees on FDUSD and TUSD trading pairs until further notice.
New cross margin pairs are on the agenda
Binance has added new trading pairs to Cross Margin in another move to improve its offerings. These pairs include SEI/TUSD, SEI/FDUSD, and WBETH/ETH, providing greater flexibility for traders who want to manage margin positions effectively. As a result, Binance remains at the forefront of the altcoin industry. Users enjoy advanced trading options. To be informed about the announcements as soon as possible cryptokoin.comFollow!
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