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Binance Expands Trading Options with Six New Trading Pairs
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Introduction of New Trading Pairs
Binance, the leading cryptocurrency exchange globally, has unveiled plans to broaden its trading options by introducing six new trading pairs on its Binance Spot platform. This strategic move aims to enhance the trading experience for users by offering increased choices and flexibility in trading strategies.
Variety of Cryptocurrencies Included
The newly introduced trading pairs encompass a diverse range of cryptocurrencies, including top AI token Render (RNDR), ATOM (Cosmos blockchain's native token), Thorchain's Rune token, and others. Binance will commence trading for the following pairs on April 17 at 8:00 a.m. (UTC): ATOM/USDC, CFX/USDC, POLYX/TRY, RNDR/USDC, RUNE/USDC, and SAGA/USDC. Additionally, trading bot services such as Spot Grid, Spot DCA, Rebalancing Bot for SAGA/USDT, and Spot Algo Orders for other pairs will be enabled.
Eligibility Criteria for Trading
It's noteworthy that eligibility for trading the new pairs may vary based on the user's country or region of residence, as highlighted by Binance in its official blog post.
Significance of Listing Move
The addition of these new trading pairs signifies a significant advancement for Binance as it continues to expand its platform and grant users access to a broader spectrum of digital assets.
Upcoming Listings on Binance Futures
In addition to the new trading pairs, Binance Futures will launch ARBUSDC and NEOUSDC Perpetual Contracts on April 18, both offering up to 50x leverage, along with FILUSDC Perpetual Contract with up to 75x leverage.
Welcoming Martin C. Grant to Binance US Board
Binance US, a subsidiary of Binance, has appointed Martin C. Grant, former New York Fed Chief Compliance and Ethics Officer, to its board. Grant's extensive regulatory and compliance experience will aid Binance in furthering its compliance-first strategy and enhancing financial reporting systems and internal controls.
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