Important notice from Binance about numerous altcoin traders: details

TL;DR

Binance will add nine cross-margin and isolated-margin trading pairs on July 24. He will also withdraw three trading pairs two days later. The latest amendments

The world’s largest cryptocurrency exchange, Binance, will update its services to respond to recent market trends and improve user experience. It will add nine cross margin and isolated margin trading pairs today (July 24). The pairs in question are 1000SATS/USDC, GALA/USDC, AR/USDC, PEOPLE/USDC, RUNE/USDC, TRB/USDC, STRK/USDC, UNI/USDC and ZK/USDC.

Additional support from a crypto behemoth like Binance could positively impact the tokens involved due to increased liquidity and increased reputation. However, 1000SATS is the only cryptocurrency (of those involved) to post substantial gains today. The rest have seen some minor declines or no significant volatility.

In addition to adding new trading pairs to its platform, Binance often removes existing ones due to multiple factors such as poor liquidity. It will end services with AVAX/TUSD, MATIC/TUSD and VOXEL/BTC on July 26.

“Delisting a spot trading pair does not affect the availability of tokens on Binance Spot. Users can still trade the base of the spot trading pair and trade assets on other trading pairs available on Binance,” he explain the company

Affected cryptocurrencies are in the red today (July 24th), with VOXEL suffering the worst (down 9% on a daily basis). It is worth noting that a more significant price collapse can be observed in the event of a complete delisting of a certain digital currency from Binance.

This is exactly what happened earlier this year, when the exchange stopped all trading services with Monero (XMR). The valuation of the popular privacy coin crashed by double digits after the announcement.

Previous Binance Update

About a week ago, the company introduced an interesting initiative called “Meme Battle: Doge vs Shiba Inu.” Users can join the Dogecoin team or rival to accumulate certain points and complete daily missions.

“After the activity is over, we will calculate which team has accumulated the most points collectively,” the Binance team said.

According to the terms, the first 50,000 participants from the winning team will each receive a reward of up to $50, while the first 20,000 participants from the losing team will also be pocketed similar sums.

Only those who have accumulated at least 3,000 activity points will be eligible for the draw. The meme coin “battle” will last until July 29th.

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