Leading cryptocurrency exchange Binance has made several exciting announcements to improve its trading platform and offer more options to its users. From new trading pairs and loanable assets to the launch of Dual Investment products and support for network upgrades, Binance continues to expand its offerings and improve the user experience. Also, the exchange announced that Ronin and MultiversX will support network updates. Here are the details…
Binance launches two new trading pairs
First of all, Binance will start trading for two new trading pairs starting June 9, 2023 at 12:00 CEST. These are as follows: BTC/NGN and USDT/ZAR. It is important to note that NGN and ZAR are fiat currencies and do not represent any cryptocurrency.
There are new additions for Flexible and VIP Loan
In addition, Binance has expanded the list of loanable assets and collateral assets on the Flexible Loan and VIP Loan platforms. The newly added loanable assets in Flexible Loan include MINA, BNX, TRU, DAI, PHB, RUNE and T, while collateral assets now include LINK, MAGIC, AGIX, HOOK, ID, RNDR, STX and HIGH. Also, FLOW, RAD and ASTR for VIP Loan have been added to loan assets. There are a lot of new assets. In the table below you can see which coins have been added:
New Dual Investment products enter the market
In addition, Binance has also launched a new Dual Investment product line with updated target prices and contract dates. Dual Investment allows users to choose their desired price and date to buy low or sell high on popular cryptocurrencies. Subscriptions for these products are on a first-come, first-served basis, and users can earn rewards by participating. This is an opportunity for users to optimize their investment strategy and potentially earn higher returns.
For those who want to accumulate high rewards on their hands or sell their deposit currency at a higher price in the future, the “High Sell” option offers payment dates ranging from June 13 to December 29, 2023. Deposit options include BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP and DOGE, while BUSD is the selling currency. Likewise, the option to buy from the bottom is also provided with the same coins. USDT and BUSD are deposited as collateral for the purchase.
Upgrade support for Ronin
In terms of network upgrades, Binance will support Ronin (RON) network upgrade and hard fork. This upgrade will take place at a block height of 24,935,500 Ronin and token deposits and withdrawals through the Ronin network will be temporarily suspended from approximately 07:30 on 13 June 2023. It is important to note that this upgrade will not result in the creation of new tokens.
Apart from Ronin, MultiversX update is also supported
Binance will also support MultiversX (EGLD) network upgrade. Scheduled to occur on the MultiversX epoch 1,043, or approximately June 8, 2023, 6:47 PM, this upgrade will temporarily suspend deposits and withdrawals from EGLD from 6:00 PM on June 8, 2023.
Binance will perform Beacon Chain wallet maintenance
Finally, Binance is performing wallet maintenance for the BNB Beacon Chain (BEP2) on June 12, 2023 at 13:00. Therefore, deposits and withdrawals on the BNB Beacon Chain (BEP2) are temporarily suspended from 09:55 on 12 June 2023.
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