Leading cryptocurrency exchange Binance made an important announcement today. Accordingly, he announced the changes in spot trading pairs. There is a detail in the changes made by the stock market. The stock market is going down, especially in BUSD pairs. Let’s take a look at the details together.
Binance announced that trading pairs will open on September 22, 2023
With a recent update, Binance shares an important change with its users. Accordingly, there are certain dates you need to mark on your calendar. In this context, Binance outlined its plans to add and delist certain spot trading pairs. Here’s what users need to know.
Binance users will begin trading the following spot trading pairs starting at 11:00 AM on September 22, 2023. ARK/USDT, CREAM/USDT, FTT/USDT, GFT/USDT, IQ/USDT and USDT/VAI. These additions present exciting opportunities for investors looking to diversify their portfolios.
Binance also made a delist announcement
Binance will cease trading of the following spot trading pairs at 06:00 on September 29, 2023. ARK/BUSD, CREAM/BUSD, FTT/BUSD, GFT/BUSD, IQ/BUSD and BUSD/VAI. If there are users in any of these pairs, the exchange requests them to take appropriate steps before this date to avoid any disruption in your trading activities.
Important points
Binance also includes important points on the subject. Delisting a spot trading pair does not affect the availability of tokens on Binance Spot. You can continue to buy and sell the base and quote assets of spot trading pairs on other available trading pairs on Binance. If you are using Spot Trading Bots for the affected trading pairs, here is what you need to do. It is important to note that Binance will terminate its Spot Trading Bots services on September 29, 2023 at 06:00. To avoid possible losses, the exchange recommends that you update or cancel your Spot Trading Bots services before this termination date.
There are also warnings for users with BUSD assets. Accordingly, it is recommended to convert these assets into other existing assets on the Binance exchange before February 2024. You can convert your BUSD balances to FDUSD with zero trading fees. You can also convert your BUSD balances to FDUSD at a 1:1 ratio using the conversion portal. As Kriptokoin.com, it is very important to be aware of these changes in order to have a smooth trading experience on Binance. In this way, cryptocurrency users can follow the developments closely.
