Iris Coleman
Jul 17, 2024 16:04
Binance announces new trading pairs BNX/TRY and ETH/ARS, along with new Trading Bots services for selected pairs starting July 18, 2024.
Binance, a leading cryptocurrency exchange, has announced the addition of new trading pairs and the introduction of Trading Bots services to enhance the trading experience for its users. According to Binance, trading for the BNX/TRY and ETH/ARS pairs will commence on July 18, 2024, at 14:00 (UTC).
New Trading Pairs
The introduction of BNX/TRY and ETH/ARS trading pairs aims to diversify the trading options available on Binance Spot. The ETH/ARS trading pair will also be part of the ongoing Zero Maker Fees promotion, which will continue until further notice. This initiative is expected to attract more traders by reducing transaction costs.
Trading Bots Services
In addition to the new trading pairs, Binance will also launch Trading Bots services for several trading pairs starting at the same time. The trading bots will include:
- Spot Grid and Spot DCA: BNB/USDC, PEPE/USDC, and SOL/USDC
- Spot Algo Orders: BNX/TRY and ETH/ARS
These automated trading tools are designed to help users execute trades more efficiently and capitalize on market opportunities.
Important Notes
Binance has clarified that ARS and TRY are fiat currencies and do not represent any digital assets. Once the Zero Maker Fees promotion ends, standard trading fees will apply to the ETH/ARS trading pair. Users can refer to Binance’s spot trading fee structure for detailed information.
Moreover, users will benefit from discounted taker fees on all existing and new USDC spot and margin trading pairs until further notice. However, Binance reserves the right to disqualify any user found engaging in dishonest behavior, such as wash trading or market manipulation.
Eligibility and Restrictions
Trading the new pairs is subject to eligibility based on the user’s country or region of residence. Currently, users from Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, the United States and its territories, and non-government controlled areas of Ukraine are restricted from trading these pairs. This list may be updated periodically to comply with legal and regulatory changes.
Binance’s announcement also includes a disclaimer about the risks associated with digital asset trading, highlighting the high market risk and price volatility. Users are advised to make informed investment decisions and consult with independent financial advisors if necessary.
For more details, visit the official Binance announcement here.
Image source: Shutterstock
