As a seasoned crypto investor with years of experience under my belt, I’ve seen Binance’s commitment to evolving with the market trends and enhancing user experience firsthand. The latest addition of new trading pairs like PEPE/EURO and enabling bot services for various assets is not only exciting but also strategic, considering PEPE’s recent impressive rally.
TL;DR
- Binance added new trading pairs and trading bot services, including PEPE/EURO.
The company will remove certain trading and margin pairs by the end of May, advising users to close positions to avoid losses.
The Latest Updates
Binance, the leading global cryptocurrency exchange, is constantly improving its platform to elevate user experience and adapt to current market conditions. Lately, it has expanded the selection of tradable assets on Binance Spot, introducing the following pairs: PEPE/Euro, AR/FDUSD, ENA/EUR, REZ/USDC, and TRB/FDUSD.
The company expanded its offerings to include trading bot services for the following pairs: PEPE/Euro, BB/USDT, NOT/USDT, AR/FDUSD, ENA/EUR, PEPE/Euro, REZ/USDC, and TRB/FDUSD.
Supporting PEPE further aligns with its noteworthy surge in value recently, as the meme coin has reached new heights. Its price peaked at an all-time high, pushing its market capitalization above the $6 billion threshold. Currently, PEPE ranks third among tokens within its niche and is the 24th largest cryptocurrency overall.
In addition to introducing new trading pairs on its platform, Binance recently announced that it will eliminate some existing ones starting from May 24. The following pairs will no longer be accessible: INJ/TUSD, MEME/TUSD, SNX/ETH, and SYN/BTC.
The firm’s margin trading program is going to have some adjustments as well. Specifically, the following pairs – MDX/BTC, SEI/TUSD, SUI/TUSD, ALPACA/BTC, ARKM/TUSD, CHESS/BTC, and MDX/BTC with TUSD being the quote currency – will no longer be available for trading starting May 31.
As a responsible crypto investor, I would strongly recommend taking action before the delisting process begins on May 31, 2024 at 06:00 UTC. You won’t be able to modify your positions during this time, so it’s crucial to close any open positions and move your assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading. Binance will not bear any responsibility for potential losses incurred after this cut-off.
Previous Binance Announcements
Over the past few months, the platform of this exchange has seen many upgrades. In April, it introduced new trading pairs such as XRP/JPY, SHIB/JPY, ADA/JPY, and SOL/JPY for Binance Spot. Additionally, it made transactions easier for Mexican users by directly linking USDT and MXN.
I recently analyzed the latest updates from Binance, and I discovered that they have expanded their list of loanable assets. Specifically, they have added Holo (HOT), Jito (JTO), Manta Network (MANTA), MANTRA (OM), NFPrompt (NFP), and Portal (PORTAL) to this list.
Around three weeks ago, I received news from the company that they would be discontinuing support for Ripple‘s XRP and TUSD as margin assets in their Multi-Assets Mode. Furthermore, the transfer-in limit for these assets was changed to zero by the platform update.
Starting from May 28, I’ll be officially processing any leftover XRP and TUSD balances in our futures wallets, converting them into USDT for a seamless transition.
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2024-05-24 09:24