Binance has announced the listing of the Official Trump (TRUMP) token, opening trading for the new spot trading pairs TRUMP/USDC and TRUMP/USDT on January 19, 2025, at 08:30 UTC.
Users can begin depositing TRUMP tokens two hours before trading starts, with withdrawals set to open on January 20, 2025, at 08:30 UTC. Binance is applying a seed tag to the TRUMP token, indicating its potential for high volatility and risk. To trade tokens with a seed tag, users must complete a risk-awareness quiz every 90 days. The TRUMP token is described as an official meme token associated with the Trump brand. Binance advises users to conduct thorough research before trading due to the token’s inherent risks.
The new trading pairs will also be available for Spot Algo Orders, with Trading Bots and Spot Copy Trading to be enabled within 24 hours. However, users in specific regions, including the United States, Canada, and others, will be restricted from trading these pairs due to regulatory requirements.
Binance emphasizes that all traders should be aware of the high risks associated with this token and advises caution in trading.
This news comes as Binance updates its crypto deposit and withdrawal procedures in Poland to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Starting January 20, users making deposits over 1,000 euros ($1,030.80) will need to provide additional information, including the sender’s full name, country, and exchange details. For withdrawals, users must supply the beneficiary’s full details, including their name, country, and exchange information. Binance warned that transactions could be delayed or returned if the required information is not provided, affecting crypto transfers only.
Notably, Binance had previously taken steps to align with MiCA regulations. In August 2024, the exchange announced the listing of EURI, a newly launched stablecoin fully compliant with the new rules. EURI, introduced by Luxembourg-based neobank Banking Circle on August 24, is the first stablecoin issued by a bank to meet MiCA standards and is categorized as an e-money token.
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