Cryptocurrency exchange giant Binance offers new earning opportunities to its users with both deleted and added assets on its platform. The moves, which aim to increase users’ transaction diversity, will come into force as of July 12.
Binance announced delist on Margin
Binance Margin announced that it will remove TUSD from both Cross and Isolated Margin trading pairs as of 06:00 (UTC) on July 24, 2024. The trading pairs that will be deleted after this decision will be:
- Cross Margin Pairs: BTC/TUSD, TUSD/USDT
- Isolated Margin Pairs: BTC/TUSD, TUSD/USDT
Binance Margin will suspend borrowing on the above-mentioned Isolated Margin trading pairs as of 06:00 (UTC) on July 12, 2024. Binance Margin will close users’ positions, perform automatic account closure, and cancel all pending orders as of 06:00 (UTC) on July 24, 2024. These trading pairs will then be completely removed from the Margin platform.
New trading pairs and trading bot services
In order to diversify the transaction options offered to its users, Binance is opening 1000SATS/USDC and IO/USDC trading pairs as of July 12, 2024 at 08:00 (UTC). In addition, on the same date and time, Binance will also launch “Trading Bots” services for these new trading pairs. In this way, users will be able to use the “Spot Algo Orders” feature, which allows them to trade automatically, on 1000SATS/USDC and IO/USDC trading pairs.
ASTR and DOT integration was completed into Simple Earn and Asset Hub
Binance Simple Earn adds Astar (ASTR) to its platform in the Locked Products category. Users who purchase ASTR through Locked Products between July 11, 2024 at 10:00 am (UTC) and October 11, 2024 at 09:59 am (UTC) will be able to earn rewards at APR rates of up to 19.9%. Important details on the subject are as follows:
- Promotion Period: Only ASTR Locked Product subscriptions made between July 11, 2024 at 10:00 am (UTC) and October 11, 2024 at 09:59 am (UTC) will be eligible.
- Subscription Format: On a first come, first served basis. Minimum and maximum subscription amounts, as well as subscription period terms, will affect the APR rates users will receive.
- Reward Calculation Period: Beginning at 00:00 (UTC) on the day after completion of a valid Locked Product subscription and continuing until the end of the subscription period.
Binance announced that it has completed integrating with Polkadot (DOT). In this way, users can now transfer their DOT investments via Asset Hub. Deposit and withdrawal transactions are now available. These announcements demonstrate Binance’s continued progress in diversifying the services it offers to its users and increasing the earning potential of investors.
To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel
