Binance, the global leader in the cryptocurrency market, has been busy updating its offerings, reflecting its commitment to user satisfaction and staying abreast of market movements. A slew of new trading pairs has been introduced, including PEPE/EURO, AR/FDUSD, ENA/EUR, REZ/USDC, and TRB/FDUSD.
The platform has also incorporated the use of trading bots for these and other select pairs, allowing for automated trading strategies.
In the wake of PEPE’s remarkable surge in the market, capturing a new price peak and reaching over $6 billion in market valuation, Binance is riding the wave by supporting PEPE’s trading momentum. Consequently, PEPE holds a prominent place in the hierarchy of meme coins—standing as number three—and ranks as the 24th largest cryptocurrency overall.
While new trading options are being added, Binance has also announced that certain pairs will be decommissioned from their platform. Some, such as INJ/TUSD, MEME/TUSD, SNX/ETH, and SYN/BTC, will cease trading from May 24.
Margin trading offerings are being revised as well. Pairs including MDX/BTC, SEI/TUSD, SUI/TUSD ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, SEI/TUSD, and SUI/TUSD are set to be withdrawn from Binance on May 31.
Other Announcements from Binance
Binance has been proactive in enhancing its platform over the last several months. For instance, in April, Binance introduced new pairs on its Spot market, including XRP/JPY, SHIB/JPY, ADA/JPY, and SOL/JPY, and also streamlined transactions for Mexican patrons by enabling a direct USDT/MXN trading pair.
The platform recently expanded its Binance Loans service to include Holo (HOT), Jito (JTO), Manta Network (MANTA), MANTRA (OM), NFPrompt (NFP), and Portal (PORTAL) among the assets available for lending.
Additionally, Binance made the decision to cease support for XRP and TUSD as margin assets in Multi-Assets Mode. As a consequence, the maximum transfer for these assets has been reduced to nil. The changes will be effective from May 28, and any residual balances in futures wallets will be automatically converted to USDT.
Image Source: Chinnapong / Shutterstock
