Important Binance Announcement Affecting PEPE, INJ, SUI, and More: Details

TL;DR

• Binance added new trading pairs and trading bot services, including PEPE/EURO.
• The company will remove certain trading and margin pairs by the end of May, advising users to close positions to avoid losses.

The Latest Updates

Binance, the world’s largest cryptocurrency exchange, continues to implement changes on its platform to enhance user experience and respond to recent market trends. Most recently, it expanded the list of trading choices offered on Binance Spot with the following pairs: PEPE/EURO, AR/FDUSD, ENA/EUR, REZ/USDC, and TRB/FDUSD.

Additionally, the company enabled trading bots services for PEPE/EURO, BB/USDT, NOT/USDT, AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC, and TRB/FDUSD.

Showing further support for PEPE coincides with the meme coin’s impressive rally as of late. The asset’s price recently hit an all-time high, with its market capitalization surpassing the $6 billion mark. Currently, PEPE is the third-biggest token in its realm and the 24th-largest cryptocurrency.

Removing Trading and Margin Pairs

Besides adding new trading pairs to its platform, Binance also announced it will remove some existing ones. INJ/TUSD, MEME/TUSD, SNX/ETH, and SYN/BTC will no longer be available from May 24.

The firm’s margin trading program will undergo some changes, too. MDX/BTC, SEI/TUSD, SUI/TUSD ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, SEI/TUSD, and SUI/TUSD will be delisted on May 31.

“Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-05-31 06:00 (UTC). Binance will not be responsible for any potential losses,” the company warned.

Previous Binance Announcements

The exchange launched numerous updates on its platform in the past few months. In April, it included the XRP/JPY, SHIB/JPY, ADA/JPY, and SOL/JPY trading pairs on Binance Spot and simplified operations for Mexican users by introducing a direct pair between USDT and MXN.

Earlier this month, Binance added Holo (HOT), Jito (JTO), Manta Network (MANTA), MANTRA (OM), NFPrompt (NFP), and Portal (PORTAL) as new loanable assets on Binance Loans.

A few weeks ago, the company said it will terminate support for Ripple’s XRP and the stablecoin TUSD as margin assets in the Multi-Assets Mode. In addition, the transfer-in limit for these assets was updated to zero.

The amendment will officially take effect on May 28, with any remaining XRP and TUSD balances in futures wallets automatically converted to USDT.

Conclusion

Binance continues to evolve and improve its services to provide a better experience for its users. The addition of new trading pairs and trading bot services demonstrates the company’s commitment to catering to the diverse needs of its user base. However, the removal of certain trading and margin pairs serves as a reminder of the importance of adapting to changing market conditions and maintaining a secure and efficient trading environment.

FAQs

Q: What new trading pairs were added by Binance?

A: Binance added PEPE/EURO, AR/FDUSD, ENA/EUR, REZ/USDC, and TRB/FDUSD to its platform.

Q: What trading bot services were enabled by Binance?

A: Binance enabled trading bot services for PEPE/EURO, BB/USDT, NOT/USDT, AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC, and TRB/FDUSD.

Q: What trading pairs will be removed by Binance?

A: INJ/TUSD, MEME/TUSD, SNX/ETH, and SYN/BTC will be removed from May 24, and MDX/BTC, SEI/TUSD, SUI/TUSD ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, SEI/TUSD, and SUI/TUSD will be delisted on May 31.

Q: What is the company advising users to do regarding the delisting of trading pairs?

A: Binance is advising users to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-05-31 06:00 (UTC) to avoid potential losses.