Binance, a number one crypto trade, has expanded its buying and selling choices on the spot platform. It just lately three new spot buying and selling pairs for Altlayer (ALT), Treasure (MAGIC), and Sei (SEI). These pairs function USD Coin (USDC) and First Digital USD (FDUSD) as quote currencies and went stay on February 2, 2024, at 08:00 p.m. UTC.
What Pairs Has Binance Added To Its Spot Trading Arena?
According to the newest announcement, the next pairs can be added to Binance Spot buying and selling:
- ALT/USDC
- MAGIC/FDUSD
- SEI/USDC
Furthermore, Binance is introducing Trading Bot companies for particular pairs, together with Spot Grid, Spot DCA, and Rebalancing Bot companies for ALT/USDT. In addition, it can allow Spot Algo Orders for the newly listed pairs of ALT/USDC, MAGIC/FDUSD, and SEI/USDC. This transfer goals to supply customers with superior buying and selling instruments to optimize their methods.
As an additional advantage, the CEX famous that customers partaking in FDUSD buying and selling pairs will get pleasure from zero maker charges till additional discover. This incentivizes the adoption of the just lately added MAGIC/FDUSD pair on Binance. However, although the crypto trade has listed a number of new pairs, its delisting spree hasn’t come to a standstill.
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Recent Delisting Move
Binance had beforehand disclosed the removing of quite a few spot buying and selling pairs. This choice fashioned a part of their routine critiques, a measure aimed toward guaranteeing consumer safety and sustaining a resilient buying and selling market. The affected spot buying and selling pairs underwent removing from Binance spot trading on Friday, February 2, at 3 a.m. UTC. Notably, this delisting impacted distinguished cryptocurrencies like Ethereum (ETH) and Binance Coin (BNB) however there’s extra to it.
It’s essential to emphasise that the pairs dealing with delisting featured Ethereum and BNB as quote currencies, not base currencies. The announcement detailed the removing of buying and selling pairs like BSW/BNB, KAVA/ETH, SCRT/ETH, SNX/BNB, UFT/ETH, and WAN/ETH. The choice to delist these pairs stemmed from numerous components, together with subpar liquidity and buying and selling quantity.
Moreover, the trade subsequently ceased Spot Trading Bots companies for the delisted pairs, aligning with the removing schedule. Users acquired robust advisories from Binance, urging them to promptly replace or cancel their Spot Trading Bots earlier than the desired removing time to mitigate potential losses. This strategic choice strengthened Binance’s dedication to fostering a buying and selling ecosystem characterised by robustness and user-centric safeguards.
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