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Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT

Binance recently announced the addition of several new spot trading pairs and expanded support for XRP and Dogwifhat.

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Updated 12 Mar, 2024 | 12:24:25 PM UTC

Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT

Highlights

Binance is set to introduce new spot trading pairs for FLOKI, NEAR, GRT and others.
The exchange also expanded support for XRP and Dogwifhat.
It also waived fees for DOGE, SHIB, PEPE, FLOKI and other meme coins.

Binance, the world’s leading crypto exchanges, has unveiled a significant update aimed at expanding trading options and enhancing user experience. On March 13 and 14, Binance is set to introduce new trading pairs and trading bot services. The concerned cryptocurrencies include XRP, Dogwifhat (WIF), Floki (FLOKI), Near (NEAR), The Graph (GRT), and Sythetix (SNX).

Binance Announces New Spot Trading Pairs & Trading Bots Services

According to the latest announcement, on March 13 at 08:00 UTC, Binance will open trading for several new pairs, including FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY. These additions provide users with more opportunities to trade popular tokens against fiat currencies, further diversifying their investment portfolios.

Moreover, Binance is set to launch Trading Bots services for selected trading pairs, starting with Spot Algo Orders for FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY. This move empowers traders with automated trading strategies, enabling them to execute trades more efficiently and effectively.

Adding to these updates, on March 14 at 08:00 a.m. UTC, Binance will introduce additional trading pairs and bot services. The new trading pairs include EUR/USDC, FET/USDC, and IMX/TRY, offering users more options for trading against stablecoins and fiat currencies.

Furthermore, Binance will roll out Spot Grid & Spot DCA Services for WIF/USDT and XRP/FDUSD, along with Rebalancing Bot services for WIF/USDT. These services are designed to streamline trading processes and optimize portfolio management for traders.

Also Read: Metis Price Soars 27% Ahead of Binance Listing

Fees Waived For DOGE, SHIB, PEPE, FLOKI & Other Meme Coins

On March 12, Binance made an official announcement unveiling a new initiative aimed at bolstering the trading of trending cryptocurrencies. This move comes amidst significant demand for meme coins and gaming tokens. From March 12 to March 26 at 11 a.m. UTC, users engaging in trading activities will automatically receive a one-hour interest fee waiver.

Moreover, Binance has specified that key meme coins such as BONK, DOGE, FLOKI, MEME, PEPE, SHIB, and WIF will be eligible for fee waivers. Similarly, gaming tokens including BNX, GALA, PIXEL, PORTAL, and YGG will also benefit from fee waivers. Additionally, the exchange has expanded its support for 1000SATS.

To avail of the fee waiver, users must be mindful of the timing. For instance, if both User A and User B borrowed 10 DOGE at 11:20 UTC on March 12, they must complete repayment on the same day at 12:15 UTC and 11:55 UTC, respectively. Binance has provided examples to assist users in understanding the timing and associated interest charges.

Also Read: Bullish Momentum Builds as Binance Coin Price Breaks $500; What’s Next?

Coingape Staff

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Published by

Coingape Staff

Updated 12 Mar, 2024 | 12:24:25 PM

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