- Binance, a leading crypto exchange platform, is shaking things up by both removing and adding assets, creating fresh opportunities for its users.
- The strategic moves aim to enhance trade diversity and will be effective from July 12, 2024.
- “We’re committed to continually evolving our platform to meet our users’ demands,” a Binance representative stated.
Discover the latest updates from Binance as they delist certain margin pairs while introducing new trading pairs and innovative trading bot services.
Binance Delists TUSD Margin Pairs
Starting on July 24, 2024, at 06:00 UTC, Binance Margin will no longer support TUSD in both Cross and Isolated Margin pairs. This decision affects the following pairs:
- Cross Margin Pairs: BTC/TUSD, TUSD/USDT
- Isolated Margin Pairs: BTC/TUSD, TUSD/USDT
From July 12, 2024, 06:00 UTC, borrowing on these Isolated Margin pairs will be suspended. Binance users must close their positions by July 24, 2024, 06:00 UTC. After this date, positions will be closed automatically, and all pending orders will be canceled, indicating the complete removal of these pairs from the Margin platform.
Introduction of New Trading Pairs and Bots
In a bid to expand trading options, Binance will introduce 1000SATS/USDC and IO/USDC trading pairs effective July 12, 2024, at 08:00 UTC. Concurrently, Binance will also launch “Trading Bots” for these new pairs. This feature, known as Spot Algo Orders, will automate buy and sell transactions, offering enhanced efficiency and convenience for traders.
Binance Simple Earn Adds ASTR with Exclusive Rewards
Binance Simple Earn is unveiling a new opportunity with Locked Products, adding Astar (ASTR) to its platform. Users subscribing to ASTR Locked Products between July 11, 2024, 10:00 UTC, and October 11, 2024, 09:59 UTC can earn up to 19.9% APR in rewards. Here are the key details:
- Promotion Period: Only subscriptions made between July 11, 2024, 10:00 UTC and October 11, 2024, 09:59 UTC are eligible.
- Subscription Format: The first-come, first-served basis will apply, with specific minimum and maximum subscription amounts and duration impacting the APR.
- Reward Calculation: Rewards are calculated daily from 00:00 UTC of the day following a valid subscription until the end of the subscription period.
- Reward Distribution: Daily distribution of rewards.
Integration with Polkadot (DOT)
Binance has successfully integrated Polkadot (DOT) into its platform, enabling users to transfer DOT investments via Asset Hub. Deposits and withdrawals for DOT are now operational. This development underscores Binance’s commitment to broadening its services and enhancing user investment options.
Conclusion
These updates to Binance’s platform reflect the exchange’s dedication to adapting to market needs and enhancing user experience. By removing certain TUSD pairs and introducing new trading pairs and bots, along with new earning opportunities through Simple Earn and seamless DOT integration, Binance continues to offer its users innovative ways to grow their assets.
