Binance Expands Trading Pairs and Introduces Trading Bots for ACT/TRY and Others
Binance, a leading cryptocurrency exchange, has unveiled its plans to introduce several new trading pairs on its Spot platform, alongside launching trading bot services to further enhance user experience. According to Binance, trading for the ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY pairs will commence on November 13, 2024, at 08:00 UTC.
New Trading Pairs and Services
In a move to diversify trading options, Binance will introduce these new pairs, allowing users to trade a wider array of cryptocurrencies against the Turkish Lira (TRY). Additionally, Binance is set to enable Trading Bots services for these pairs, offering Spot Grid and Spot DCA for BNB/EUR and Spot Algo Orders for ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY.
Eligibility and Regional Restrictions
Binance has outlined that trading of these new pairs is contingent upon the user's regional eligibility. Users from certain regions, including Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States, and its territories, among others, will be restricted from participating in these trades. The list of restricted countries is subject to change based on evolving legal and regulatory frameworks.
Account Verification Requirement
To engage in trading these new pairs, users must complete account verification processes. This requirement ensures compliance with Binance's standards and regulatory obligations, safeguarding both the platform and its users.
Market Context
This announcement comes amidst Binance's ongoing efforts to expand its offerings and cater to the growing demand for diverse trading options. The introduction of trading bots aligns with the platform's strategy to provide advanced trading tools, catering to both novice and experienced traders.
Binance's continuous innovation in trading services underscores its commitment to enhancing the overall trading experience and maintaining its position as a leader in the cryptocurrency exchange market.