Binance expands its trading pairs and discontinues BUSD automatic exchange service
On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot t…
On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot trading pairs at 22:00 Beijing time today. In addition, Binance has basically stopped the BUSD automatic exchange service of USDC, USDP and TUSD newly recharged by users, and users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balance. Any user who wants to convert his/her BUSD balance to USDC or USDP in a 1:1 ratio can manually operate it on the Binance Convert. The deadline is 14:00 Beijing time, March 18, 2023.
Binance will reopen the USDC USDT spot trading pair today and launch the TUSD trading pair in BTC, ETH and other currencies
Analysis based on this information:
Binance, one of the world’s leading cryptocurrency exchanges, has recently made an announcement stating that it will be opening up new spot trading pairs. These trading pairs include some of the most popular cryptocurrencies such as Bitcoin, Ethereum, and BNB. Additionally, Binance will be discontinuing the BUSD automatic exchange service for USDC, USDP, and TUSD that will no longer be available to users.
The expansion of trading pairs is an exciting development for cryptocurrency traders who want to explore more options. These new trading pairs create more opportunities for users to trade their preferred cryptocurrencies with ease. It also signals Binance’s commitment to continuously improving its platform and providing its users with the best possible experience.
The discontinuation of the BUSD automatic exchange service may require some users to manually convert their balances to USDC or USDP with a 1:1 ratio. The deadline for this conversion is March 18, 2023. The reason for this discontinuation is not specified in the announcement, but it may be due to internal business reasons or feedback from users.
Overall, this announcement indicates that Binance is actively making changes to its platform to keep up-to-date with the crypto market trends, providing a better user experience, and improving its efficiency.
Keywords:
Trading pairs: Refers to the cryptocurrencies traded with each other, where one is used to buy another.
BUSD: Binance USD is a stable coin, where its value is pegged to the US dollar.
USDC and USDP: Both USDC and USDP are stable coins similar to BUSD.
Deadline: Is the period required to complete a task or make a decision.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8163/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
#Hong Kong’s Blockchain Market Flourishing Between 12:00-21:00
12: 00-21:00 Keywords: Hong Kong, SyncSwap, Ripple, CoinShares
Important updates on the evening of April 11th
Hong Kong is a sprawling, populous city that never sleeps. Its markets -
Terra Name Service Raises $9 Million in Round A Financing and is now True I/O
According to reports, Terra Name Service (TNS) announced the completion of a US $9 million round A financing, led by Deal Box Ventures. At the same time, the company has also been
-
Founder of Mysten Labs: AI has taken over the venture capital share in the encryption field
On April 17th, Evan Cheng, founder of Sui\’s development team Mysten Labs, stated in an interview that with blockchain and cryptocurrency startups struggling to raise funds after th
-
What is an Ethereum mining machine (Ethereum mining machine scam)
What is an Ethereum mining machine? Can it enable users to achieve high returns? The answer is yes. Ethereum mining machine is a kind of equipment used to mine Ether coins. Its principle is to use a special computer on the computer to mine Cryptocurrency. And this type of machine also has high prices and reliability, so people can use its electricity bills or power resources to purchase mining equipment. The benefits of an Ethereum mining machine include: the device can automatically generate blocks and process transactions; Due to the need for each node in the blockchain network to maintain a private key (signature process), after analyzing the blocks, it can be concluded that the system has been compromised; In addition, the operation speed of the Ethereum mining machine is also fast and the cost is very low Ethereum mining machine scamAccording to Bitcoin exchange guide, the Ethereum mining machine scam is currently underway. According to a new report, fraudsters…
-
USDT’s Market Value Surges as Investors Choose Stability Amid Economic Uncertainty
According to reports, according to CoinGecko data, the market value of the stable currency USDT has risen to around $75 billion, the highest level since May 2022. The market value of USDT is twice that of USDC. Although USDC has resolved recent issues and is flat with the US dollar, the aftermath of the SVB bank run indicates that investors are increasingly choosing USDT. USDT’s market value rose to around $75 billion, hitting a new high since May 2022 Analysis based on this information:The cryptocurrency market has been experiencing a tumultuous ride over the past year, but one area that has remained relatively stable is that of stable currencies. As the name suggests, stable currencies aim to maintain a stable value in comparison to a particular currency or asset, making them a popular choice for investors looking to protect their portfolios from the volatility of traditional cryptocurrencies. According to recent reports, the market value of the stable currency USDT has…
-
999999 MATICs worth $1007998 Deposited into Coin An: What Does It Mean?
According to reports, according to Watchers\’ monitoring, 999999 MATICs worth $1007998 were deposited into Coin An using an anonymous wallet address starting with 0xad.
Anonymous wa -
Understanding the ARB Token Crisis Sparked by 0xscope’s Protocol
On April 3rd, The Web3 Knowledge Graph Protocol 0xscope stated on Twitter: ARB tokens have sparked a crisis of trust, and some individual investors and institutions chose to sell t
-
Caldera Raises $9 Million in Financing for “Rollup as a Service” Blockchain Platform
It is reported that Caldera, the \”rollup as a service\” platform, has announced that it has raised $9 million in two rounds of financing, led by Sequoia Capital…
-
#Kenyan Government to Tax Income Earned from Cryptocurrency Exchanges
According to reports, the Kenyan Ministry of Finance has announced that it will begin taxing the income earned from cryptocurrency exchanges used by an estimated 4 million local re
-
Understanding the Arbitrum Token Airdrop: How It Works and Why It Matters
According to reports, according to Nansen data, more than 950 million Arbitrum tokens ARBs have been claimed, accounting for 82.37% of the air drop supply. The number of eligible a
-
Financial authorities in South Korea making moves to regulate cryptocurrency
On March 7, the Financial Intelligence Unit (FIU) of the Korea Financial Services Commission planned to conduct a comprehensive inspection of virtual asset ope…
-
Title: Jeffrey Huang Quits NFT Field – What Happened and Why
On April 17, it was reported that Jeffrey Huang (Twitter account Machi Big Brother), a singer from Taiwan, China, said in his tweet on April 15 that he had quit the NFT field. Howe
-
Jewelry Giant TOUS Plans to Provide Online Retail Store Services with NFTs
According to reports, according to official disclosure information from the United States Patent and Trademark Office, jewelry giant TOUS has submitted a trademark application involving NFT, which mentions that the company plans to provide online retail store services in a virtual environment, including physical goods and virtual goods, namely clothing, shoes, headwear, fashion accessories, glasses, cosmetics, jewelry, and handbags, as well as digital clothing, shoes, headwear, fashion accessories, glasses Buyers and sellers of cosmetics, jewelry, and handbags provide an online marketplace that is certified through NFT. Jewelry giant TOUS submits a trademark application involving NFT Analysis based on this information:According to reports, TOUS, a well-known jewelry company, submitted a trademark application to the United States Patent and Trademark Office relating to non-fungible tokens (NFTs). The application stated that TOUS plans to offer online retail store services in a virtual environment, wherein they will provide both physical and virtual goods to buyers and sellers of clothing, shoes, headwear, fashion accessories, glasses,…
-
The Future of Ethereum: An Analysis of the Drop in Large Holders
According to reports, data shows that the number of addresses holding over 100 ETHs reached 47280, a 4-month low.
The number of addresses holding over 100 ETHs has reached a 4-mont -
Coinbase Acquires Bermuda License for its Digital Asset Services
According to reports, Coinbase announced on its official blog that the company has obtained a license from the Bermuda Monetary Authority. Coinbase stated that Bermuda was one of t
-
US Encryption Industry’s Lobbying Fees on the Rise: Analysis of OpenSecrets’s Data
On February 28, according to the data of OpenSecrets, a non-partisan non-profit organization, the lobbying fee of the US encryption industry reached US $25.57 …