Binance Introduces New Trading Pairs and Trading Bots Services
Iris Coleman Nov 20, 2024 11:34
Binance announces the launch of new trading pairs and trading bots services to enhance user experience, effective November 22, 2024. The update includes zero fees for FDUSD/USDC pair.
Binance, a leading cryptocurrency exchange, has announced the introduction of several new trading pairs and trading bots services aimed at enhancing the trading experience for its users. The initiative, set to commence on November 22, 2024, will feature the opening of trading for pairs including APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD, according to Binance.
Zero Fees for FDUSD/USDC Pair
In a bid to attract more traders, Binance will offer zero fees for the FDUSD/USDC trading pair. This zero-fee structure will be available from November 22, 2024, until further notice, providing an attractive option for traders looking to minimize transaction costs.
Trading Bots Services
Additionally, Binance will enable Trading Bots services for the aforementioned trading pairs. These services will include Spot Algo Orders, which allow traders to automate their trading strategies across these new pairs. This feature is expected to appeal to both novice and experienced traders by offering a more streamlined trading process.
Regional Restrictions and Compliance
However, Binance has noted that trading eligibility may vary based on the user's country or region of residence. Currently, users in Canada, Cuba, Crimea, Iran, Netherlands, North Korea, Syria, the United States, and certain territories, along with non-government controlled areas of Ukraine, will not have access to these new trading options.
Binance emphasizes the importance of users completing account verification to participate in trading these new pairs, ensuring compliance with applicable laws and regulations. The list of restricted regions may be updated periodically to reflect changes in legal and regulatory environments.
The move comes as part of Binance's continuous efforts to expand its offerings and provide a comprehensive trading platform for its global user base. With the addition of these new trading pairs and services, Binance aims to maintain its position as a leading force in the cryptocurrency exchange market.
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