Binance Expands Trading Pairs and Launches New Trading Bot Service

Leading cryptocurrency exchange Binance announced that it is adding new trading pairs and introducing Trading Bots service to enhance users’ trading experience. According to Binance, trading of BNX/TRY and ETH/ARS pairs will start on July 18, 2024 at 14:00 (UTC).

New trading pairs

The introduction of BNX/TRY and ETH/ARS trading pairs aims to diversify the trading options available on Binance Spot. The ETH/ARS trading pair will also be part of the ongoing Zero Maker Fees promotion, which will continue until further notice. This initiative is expected to attract more traders by reducing trading costs.

Trading bot service

In addition to the new trading pairs, Binance will also be launching Trading Bots services for multiple trading pairs at the same time. Trading bots include:

• Spot Grid and Spot DCA: BNB/USDC, PEPE/USDC and SOL/USDC
• Spot Algo Orders: BNX/TRY and ETH/ARS

These automated trading tools are designed to help users execute trades more efficiently and take advantage of market opportunities.

Important Note

Binance has stated that ARS and TRY are fiat currencies and do not represent any digital assets. After the Zero Maker Fees promotion ends, standard trading fees will apply to the ETH/ARS trading pair. Users can refer to Binance’s spot trading fee structure for more details.

Users will also enjoy discounted taker fees on all existing and new USDC spot and margin trading pairs until further notice. However, Binance reserves the right to disqualify any user found to be engaging in any misconduct, such as wash trading or market manipulation.

Qualifications and Restrictions

Trading new pairs is subject to eligibility based on the user’s country of residence or region. Currently, users from Canada, Cuba, Crimea, Iran, Netherlands, North Korea, Syria, the United States and its territories, and non-government controlled areas of Ukraine are restricted from trading these pairs. This list may be updated periodically to comply with changes in laws and regulations.

Binance’s announcement also includes a disclaimer about the risks associated with digital asset trading, emphasizing the high market risk and price volatility. Users are advised to make informed investment decisions and consult with independent financial advisors if necessary.

For more details, please refer to the official Binance announcement here.

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