Binance, the leading exchange in the cryptocurrency market, recently took action for the Euro-based stablecoin Anchored Coins EUR (AEUR) which it had to suspend its operations shortly after listing due to strange movements in its price. The exchange announced that the suspended AEUR transactions will resume.
Binance took the expected step for AEUR, which was listed on November 4th. The exchange announced that the trades of AEUR/<a href="https://en.bitcoinhaber.net/tethers-bitcoin-holdings-reach-impressive-value-as-btc-price-soars”>USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR pairs, which were suspended shortly after listing due to strange movements in the price, will resume today.
In a statement released by Binance, it was stated that trading transactions in AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR spot trading pairs will resume today at 17:00 GMT.
Binance announced that compensation will be paid to users who mistakenly bought the stablecoin due to the unusual increase in its price before restarting the suspended AEUR transactions.
The exchange had reported that trading transactions in AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR spot trading pairs were immediately suspended when a deviation in price occurred at 21.31 GMT on December 5th, and a separate announcement would be made regarding the resumption of trading for the suspended AEUR spot trading pairs. It is known that the price of AEUR, which is expected to remain stable at 1 Euro, increased by 200% in a short time and reached up to 3.25 dollars.