Binance, the world’s leading cryptocurrency exchange, has announced the introduction of several new trading pairs and bot services. The decision was made in an effort to enhance the trading experience for its users. The move concerns Bonk (BONK), Floki (FLOKI), Fantom (FTM), Maker (MKR), Render (RNDR), and Raydium (RAY).
Binance announces a new spot trading listing set to go live on March 27, 2024 at 13:00 UTC. These additions aim to diversify trading options and provide innovative tools for traders. The newly introduced trading pairs on Binance Spot include BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, and RNDR/BRL.
Moreover, Binance will launch bot services for selected trading pairs, which cater to different trading strategies. According to the recent announcement, Spot Grid, Spot DCA, and Rebalancing Bot services will be available for ETHFI/USDT on Binance.
Meanwhile, Spot Algo order services will be offered for BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, and RNDR/BRL pairs. These automated trading tools are designed to help users execute trades efficiently and implement pre-defined strategies.
However, it is important to note that the availability of these trading pairs and bot services is subject to eligibility based on the user’s country or region of residence. Binance emphasizes the importance of completing account verification to ensure compliance with regulatory requirements and trading eligibility criteria.
Furthermore, Binance has provided a list of banned countries and regions where users will not be able to engage in spot trading activities. The current list includes Canada, Cuba, Crimea, Iran, Japan, the Netherlands, North Korea, Syria, the United States and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and the U.S. Virgin Islands), as well as any non-government controlled areas of Ukraine.
Cryptocurrency exchange Binance has gained investor attention on Tuesday, March 26, after announcing that it has joined the Global Travel Regulations (GTR) alliance. The decision has been widely praised, especially in light of recent security concerns in the digital asset sector.
In essence, Binance’s choice to become part of the Global Travel Rules (GTR) coalition highlights its commitment to enhancing compliance and security in the cryptocurrency industry. By aligning with the Financial Action Task Force’s (FATF) Recommendation 16, also known as the Travel Rule, Binance aims to create a global standard for regulatory compliance. Furthermore, the move is significant in dispelling misunderstandings surrounding cryptocurrencies and promoting broader acceptance of digital assets.
Steve Christie, EVP of Compliance at Binance, expressed his optimism about the latest development. “Joining the Global Travel Alliance is an exciting step forward in strengthening our international compliance efforts. This move not only brings us in line with the global standards of the Financial Action Task Force, but also proactively providing our vast user base with assurance that their data and transactions are secure,” he said.
