Claim BonusBinance Announces Compensation Plan Post AEUR Stablecoin Surge
Binance has stepped forward to offer compensation to traders who purchased AEUR, a stablecoin pegged to the Euro, during its unexpected price surge. AEUR, issued by Swiss-based Anchored Coins, experienced a significant increase in value, deviating from its intended stable price.
AEUR Price Spike and Trader Confusion
The AEUR stablecoin, which typically mirrors the value of the Euro, saw its price peak at $3.25, a 200% rise from its expected level of around $1.07. This surge occurred shortly after AEUR was introduced to the spot market.
The spike was attributed to a mix-up among some Binance traders who did not recognize AEUR’s nature as a stablecoin. Consequently, a strong demand emerged, leading to this unexpected price hike.
Binance’s Swift Response to Market Anomaly
Binance, in response, quickly took measures to stabilize the situation by suspending spot trading for several AEUR pairs, including AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR, to assess and address the volatility.
Following this, the exchange announced a compensation plan for those who purchased AEUR above its intended value during Tuesday’s specific window from 12:41 p.m. to 1:31 p.m. EST. Eligible traders will receive this compensation in the coming days, particularly those who retained their AEUR holdings and did not engage in further selling on Binance.
The compensation plan reflects Binance’s commitment to maintaining a fair and transparent trading environment. This move is particularly significant, considering the limited liquidity of AEUR, which had a supply of five million coins on the platform at the time. The exchange had also initially incentivized trading of the new stablecoin with a zero-fee promotion.
Read Also: Bitcoin Core v26.0 Is Now Live, BTC Price Set For $50000
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- ETH Price Fears Major Crash As Trend Research Deposits $1.8B Ethereum to Binance
- Trump Tariffs: Will US–India Trade Deal Boost Crypto Market?
- Why Is Pi Coin Price Rising Today? Key Reasons Explained
- BestChange Wins Best Crypto Exchange Rate Aggregator at the Crypto Impact Awards 2025
- Arthur Hayes Blames BlackRock’s IBIT Hedging for Bitcoin Crash as BTC Price Rebounds 7%
- Bitcoin and XRP Price Outlook Ahead of Crypto Market Bill Nearing Key Phase on Feb 10th
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
- XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k
