Binance the world’s leading cryptocurrency exchange, has announced the introduction of several new trading pairs and bot services. The decision is taken in a bid to enhance the trading experience for its users. The move concerns Bonk (BONK), Floki (FLOKI), Fantom (FTM), Maker (MKR), Render (RNDR), and Raydium (RAY).
Binance Announces New Spot Trading Listing
Scheduled to commence on March 27, 2024, at 13:00 p.m. UTC these additions aim to diversify trading options and provide innovative tools for traders. The newly introduced trading pairs on Binance Spot include BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, and RNDR/BRL.
Moreover, Binance will launch bot services for select trading pairs, catering to different trading strategies. According to the latest announcement, Spot Grid, Spot DCA & Rebalancing Bot services will be available for the ETHFI/USDT pair on Binance.
Meanwhile, Spot Algo Orders services will be introduced for BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, and RNDR/BRL pairs. These automated trading tools are designed to assist users in executing trades efficiently and implementing predefined strategies.
However, it is essential to note that the availability of these trading pairs and bot services is subject to eligibility based on the user’s country or region of residence. Binance emphasizes the importance of completing account verification to ensure compliance with regulatory requirements and trading eligibility criteria.
Furthermore, Binance has provided a list of restricted countries and regions where users will not be able to participate in spot trading activities. The current list includes Canada, Cuba, Crimea Region, Iran, Japan, Netherlands, North Korea, Syria, the United States of America, and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), as well as any non-government controlled areas of Ukraine.
Also Read: Binance Joins Global Travel Rule Alliance To Strengthen Crypto Security
Entery Into Global Travel Rule Alliance
The Binance crypto exchange garnered attention from investors on Tuesday, March 26, following its announcement of joining the Global Travel Rule (GTR) Alliance. The decision was widely praised, particularly given the recent security concerns within the digital asset sector.
In essence, Binance’s choice to become part of the Global Travel Rule (GTR) Alliance highlights its commitment to promoting compliance and security in the crypto industry. By aligning with the Financial Action Task Force’s (FATF) Recommendation 16, also known as the Travel Rule, Binance aims to establish a universal standard for regulatory adherence. Furthermore, this move is significant in dispelling misunderstandings surrounding cryptocurrencies and fostering broader acceptance of digital assets.
Steve Christie, Deputy Chief Compliance Officer at Binance, expressed optimism for the latest development. He said, “Joining the Global Travel Rule Alliance is an exciting step forward in solidifying our international compliance efforts. This move doesn’t just bring us into alignment with FATF’s global standards – it’s about proactively providing our extensive user base with the assurance that their data and transactions are secure.”
Also Read: Binance’s Russia Exit Deepens, CommEx Announces Closure
The post Binance Adds New Spot Trading Pairs For Bonk, Floki, Fantom & Others appeared first on CoinGape.
Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0
CFN Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed