In a proactive move to uphold market integrity and enhance user experience, Binance has announced significant adjustments to its trading pairs and margin trading services.
The decision to remove several spot trading pairs, including AAVE/BNB, DEGO/BTC, LTC/TUSD, and SAND/ETH, was made following thorough reviews aimed at optimizing liquidity and trading volume across the platform. According to Binance, these changes are part of routine assessments conducted to ensure a high-quality trading environment for users.
The exchange stated “We conduct periodic reviews of all listed spot trading pairs to maintain a high-quality trading market,” stated Binance in its official announcement. “Delisting selected spot trading pairs is necessary to protect users and uphold the integrity of our trading platform.”
Simultaneously, Binance is expanding its trading offerings by introducing new trading pairs, such as EGLD/TRY, PHB/TRY, and RSR/TRY. This move seeks to diversify trading choices for users and improve overall trading experience on the platform.
Quoting them, “We are committed to offering a wide range of trading options to our users,” said a Binance spokesperson. “The introduction of new trading pairs is part of our ongoing efforts to enhance user experience and provide access to a diverse range of digital assets.”
Furthermore, Binance Margin is rolling out a special promotion to incentivize margin trading activities. Selected cryptocurrencies, including USDC, BTC, BOME, and DOGE, are eligible for a one-hour interest fee waiver for borrowers during the promotion period, which runs from May 8th to May 20th.
“These promotional activities are designed to encourage user engagement and promote liquidity in the margin trading market,”
explained a representative from Binance.
“We believe that offering incentives for margin trading activities will benefit our users and contribute to a vibrant trading ecosystem.”
In addition to the trading pair adjustments and margin trading promotions, In response to one user on X, Binance emphasized its commitment to user safety and compliance with regulatory standards. The exchange reiterated its dedication to adhering to all applicable laws and regulations across different jurisdictions.
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