The market is closely following the listing and delisting news of Binance, the world’s largest cryptocurrency exchange. Because these decisions have the potential to create fluctuations in the prices of the relevant coins. In recent developments, Binance announced that it will list 5 tokens in futures. However, the exchange ends spot transactions of 15 coins at Ruble parity.
Binance launches futures for 5 altcoins
As you follow from Kriptokoin.com, shades of red dominate the market today. Leading cryptocurrency Bitcoin is heading below $37,000 by the end of the week. Solana, which has attracted attention with strong increases in recent days, also witnessed a sharp decline today. However, life goes on in the crypto world. In this environment, leading crypto exchange Binance announced its decision to launch futures for some altcoins. The stock exchange stated that it made this move in order to diversify the trading options it offers to its users. In this regard, the exchange has launched some trading pairs in Cross Margin and Isolated Margin.
- New Cross Margin parity: AMP/USDT
- New Isolated Margin parity: ACA/USDT
- New Isolated Margin parity: GHST/USDT
- New Isolated Margin parity: GLM/USDT
- New Isolated Margin parity: VIDT/USDT
Giant crypto exchange removes spot RUB parity of 15 altcoins
However, the world’s largest crypto exchange announced that it will remove the Russian Ruble from its platform. This move appears to be part of the exchange’s compliance with sanctions on Russia. Binance stated in its statement that it reached this decision as a result of periodic evaluation. The stock exchange decided to delist many spot trading pairs and suspend their trading, effective from 06:00 GMT on November 20. Altcoins whose RUB parity will expire are listed as follows:
Cardano (ADA), Algorand (ALGO), Arbitrum (ARB), Arkham (ARKM), Arpa (ARPA), BNB (BNB), Binance USD (BUSD), Polkadot (DOT), Ethereum (ETH), Litecoin (LTC) , Polygon (MATIC), Near Protocol (NEAR), Solana (SOL), Worldcoin (WLD) and Ripple (XRP).
Binance will launch a new exchange in partnership with Gulf Energy
Binance is preparing to operate a crypto exchange in Thailand early next year through a joint venture with a unit of Gulf Energy Development. Gulf Binance, the joint venture established by Binance and Gulf Innova, has received approval from the Securities and Exchange Commission of Thailand to begin its operations, Gulf Energy Development said in a statement to the Stock Exchange of Thailand on Wednesday.
Gulf Binance received a license from Thailand’s Ministry of Finance in May to become a digital asset operator regulated by the country’s SEC. Yesterday’s filing gives the green light for launch. The company underlined the following points in my filing:
Gulf Binance’s digital asset platform will provide digital asset exchange and digital asset brokerage services for both cryptocurrencies and digital tokens, prioritizing security and compliance with SEC regulations.
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