The world’s largest crypto exchange Binance has made some announcements for the popular altcoins of recent times. In addition to SUI, new developments attracted attention especially for the popular meme coins FLOKI and PEPE. Here are the details…
Binance made a statement for FLOKI and these two altcoins
Binance, one of the largest cryptocurrency exchanges in the world, has made several new announcements regarding its trading options. The initial announcement was that SUI, FLOKI, and PEPE have been added to Binance Convert, and users can now trade these cryptocurrencies for zero fees with BTC, USDT, and other tokens supported by Binance Convert.
As we have reported as Kriptokoin.com, Binance Convert is a service that allows users to directly convert a cryptocurrency to another cryptocurrency without an intermediate step such as converting it to fiat money, saving users both time and money. By adding SUI, FLOKI and PEPE to Binance Convert, Binance is expanding its offering and giving its users more options to trade.
To get started with this service, users can visit the Binance website, click “Trade” and select “Binance Convert” from the drop-down menu. Users can open the Binance app on their mobile device, tap “Trade” and then select “Convert” from the top menu. Users can then check indicative prices and convert them to target assets.
DOTBUSD contract closing in futures
The second announcement from Binance was that Binance Futures will perform an automatic settlement on the USDⓈ-M DOTBUSD perpetual futures contract on May 9, 2023, 12 CEST. The contract will be delisted after completion. Users are advised to close their open positions before the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the above-mentioned contract as of May 9, 2023 at 11:30. Binance Futures takes these measures to protect its users and avoid potential risks in extremely volatile market conditions.
In addition, Binance Futures will adjust the leverage and collateral tiers of the USDⓈ-M DOTBUSD perpetual futures contract. Existing positions opened before the update will be affected. It is highly recommended to adjust the position and leverage before adjusting to avoid possible liquidation. As a result, Binance is constantly expanding and adjusting its offerings to ensure its users can trade with confidence. Added SUI, FLOKI and PEPE to Binance Convert. He also made adjustments to futures contracts. Thus, Binance demonstrates its commitment to its users and the cryptocurrency market as a whole.
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