Binance, a leading cryptocurrency exchange, recently announced the addition of 10 new trading pairs for 10 altcoins, following a previous announcement of removing 10 trading pairs for 9 altcoins. The exchange is known for regularly updating its trading options to provide users with high-quality trading experiences and to protect their interests.
The new trading pairs include prominent cryptocurrencies such as Cardano (ADA), Avalanche (AVAX), and Solana (SOL), all paired with the stablecoin USD Coin (USDC). These pairs, namely ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC, and XRP/USDC, will be available for spot trading starting from 11:00 AM on December 28th, according to Binance’s schedule.
The pairing with USDC indicates Binance’s strategy to cater to investors who are seeking alternatives to the largest stablecoin by market value, Tether (USDT), which some users may not fully trust. This move is set to offer a new channel for trading and liquidity for those looking for different trading pair options.
Prior to this expansion, Binance had announced the removal of 10 trading pairs for 9 altcoins to ensure the continuation of high-quality trading operations and to safeguard its user base. These pairs were APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, and PAXG/BNB, which will be delisted on December 29th at 05:00 AM.
Despite the delisting of these pairs, trading for the affected altcoins will continue on other available trading pairs on the platform. Binance is taking measures to ensure that users do not suffer losses due to these changes.
Additionally, services related to Spot Trading Bots for the pairs being removed will also be halted at the same date and time. Binance advises users to stop, update, or cancel their Spot Trading Bots before the delisting to avoid any potential losses.