Binance To Add LINK, ALGO, & NEAR Spot Trading Pairs Among Others
Binance has recently said that it would allow spot trading of multiple new pairs on its platform. As the announcement was made public, the organization informed its users that they would not be charged any maker fees on the FDUSD trading pairs until further notice.
Meanwhile, the top exchange announced its plan to introduce major cryptocurrencies, such as Chainlink (LINK), Near Protocol (NEAR), Algorand (ALGO), and more, paired with the FDUSD stablecoin.
Binance Embarks On Listing More Crypto Trading Pairs
As of writing, Binance has been constantly listing more cryptos trading pairs with FDUSD stablecoin and Turkish lira (TRY). Binance’s extended support for FDUSD stablecoin comes in alignment with the concerns raised by the crypto community over the TUSD stablecoin.
According to a recent statement issued by Binance, the world’s largest cryptocurrency exchange, the trading for ALGO/FDUSD, DOT/FDUSD, FTM/FDUSD, LINK/FDUSD, NEAR/FDUSD, and STRAX/TRY spot trading pairs would begin as of October 26, 2023, at 08:00 (UTC).
Additionally, the crypto giant will enable Trading Bots services for the aforestated trading pairs on the same date and time. The Spot grid and Spot DCA pairs include BTC/USDC, ETH/USDC, and FLOKI/USDT, while the rebalancing bots are FLOKI/USDT, NTRN/USDT, PEPE/USDT.
Earlier today, Binance issued a statement claiming to build up support for the Merit Circle token swap, redenomination, and rebranding following the approval of both MIP-28 and MIP-23 tokens. The organization plans to migrate the Merit Circle token into BEAMX on October 26, 2023. The plan, set in motion by the DAO, aims to align the current activities and practices that revolve around the Merit Circle Ecosystem.
Meanwhile, several crypto market enthusiasts have lauded the latest moves amid the recent pressure building up around the crypto realm. Notably, the regulatory pressure and low trading volumes have raised concerns among market participants about the future of the crypto segment.
Also read: X’s Post Sparks Dogecoin (DOGE) Speculations, Know More Here
What’s More In The Listing/Delisting Segment?
In recent news revolving around crypto trading pairs, OKX, a leading cryptocurrency exchange offering advanced financial services, recently announced plans to delist several spot trading pairs, including the XRP-OKB trading pair amongst many others. Spot trading pairs such as FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, and MXT-USDT are to be delisted as of October 27, 2023, at 08:00 (UTC), according to a statement issued by OKX. The upcoming project aims to maintain a robust spot trading environment for investors and traders.
Meanwhile, OKX announced the delisting of these pairs for failing to meet its listing criteria and advised users to cancel related orders before delisting.
Also read: Memecoin Rally Next? Shiba Inu and Dogecoin Gearing Up for the Uptrend
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