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Binance Cross Margin and Isolated Margin Add ARK, OMG Assets and More Trading Pairs

October 19th, according to an official announcement, Binance added ARK and OMG assets for both full and isolated margin trading, as well as more full and isolated margin trading pairs, including: Full margin trading pairs added: ALPHA/USDT, ARK/USDT, HIFI/USDT, LOOM/USDT, OMG/USDT, STRAX/USDT. Isolated margin trading pairs added: ARK/USDT, LOOM/USDT, OMG/USDT.

Binance’s euro trading volume falls to three-year low

In October 2023, Binance's weekly spot trading volume priced in euros decreased by 88% to $160 million, compared to the record of $1.3 billion in March 2023. The decline in trading volume is related to Binance's previous exit from multiple European countries. However, although Binance has reduced its European business scale, it has already operated in multiple countries such as Spain, Italy, and France.

Binance France managing director and legal head has resigned

On October 19th, according to Bloomberg, Stéphanie Cabossioras resigned from her position as Director General of Binance's French division, a cryptocurrency trading platform. It is reported that Stéphanie Cabossioras joined Binance in April of last year as the legal director for the region and also served as the company's general manager in the country. Prior to this, she served as Deputy General Counsel for the French market regulator, Autorité des Marchés Financiers, and joined Binance when the company announced its establishment of a European center in Paris last year.

2 investor wallets deposit all 6.54 million STG into Binance

According to Lookonchain data, 6.22 million STG (2.47 million USD) were unlocked 13 hours ago. 50 minutes ago, 2 investor wallets (possibly belonging to the same person) deposited all 6.54 million STG (2.6 million USD) into Binance.

Binance will terminate redemption services and delist ADAUP and ADADOWN leveraged tokens

On October 18th, Binance will terminate the redemption service and delist the ADAUP and ADADOWN leveraged tokens on November 01 at 14:00. If users still hold the above-mentioned leveraged tokens when they are delisted, Binance will exchange them for an equivalent amount of USDT based on the net asset value (NAV) of the leveraged tokens at the time of the delisting, and distribute the USDT to users' accounts within 24 hours. After the distribution is completed, the ADAUP and ADADOWN leveraged token assets will be removed from the wallet.

Binance FZE: Dubai operation has around 600 employees, with custody and operations separate from other global operations

Alex Chehade, the business leader of Binance FZE, a subsidiary of Binance in Dubai, said that the advanced regulatory framework in the Middle East is the main attraction for startups and mature industry participants: the outstanding feature of the Middle East is the certainty and clarity of regulation. We have a regulatory agency VARA specifically for virtual assets in Dubai. We have ADGM and its virtual asset framework, and we have the Central Bank of Bahrain accepting cryptocurrencies. Chehade stated that Binance currently has about 600 employees in its operations department in Dubai and will continue to play a role in promoting the industry. He added that as a regulated exchange, Binance FZE has been operating in Dubai for a year and a half and is separated from other global businesses through strict custody and operations.

Binance will remove multiple spot trading pairs including IOTA/BUSD, EOS/BNB on October 20

According to an official announcement, Binance will remove the following spot trading pairs and stop trading: - October 20, 2023, 13:00 (GMT+8): ADX/BUSD, AMP/BUSD, AR/BUSD, BADGER/BUSD, BURGER/BUSD, CELR/BUSD, CHESS/BUSD, COTI/BUSD, DEXE/BUSD, ELF/BUSD, ENJ/EUR, EOS/BNB, HARD/BUSD, IDEX/BNB, ILV/BUSD - October 20, 2023, 15:00 (GMT+8): IOTA/BUSD, JOE/BUSD, KNC/BUSD, MBOX/BUSD, MINA/BUSD, MOVR/BUSD, QI/BUSD, QNT/BUSD, SNX/BUSD, SYS/BUSD, THETA/BNB, TKO/BUSD, VOXEL/BUSD, ZEC/BUSD Note: - Delisting a spot trading pair will not affect users' ability to trade its corresponding token(s) on the Binance spot platform. Users can still trade the base and quote assets of the delisted spot trading pair on other trading pairs provided by Binance. - Binance will remove trading bot services (if applicable) from the above spot trading pairs respectively at 13:00 and 15:00 (GMT+8) on October 20, 2023. It is strongly recommended that users close and/or cancel relevant spot trading bots before the trading bot services stop to avoid any potential losses. - The platform reminds users that they can convert their BUSD assets to other available assets supported by Binance before February 2024. - Users can trade their BUSD assets for FDUSD at zero fees on the Binance spot market, or exchange their BUSD assets for FDUSD at a 1:1 ratio on the flash exchange trading platform.

Binance: Wallet Maintenance Will Be Carried Out on Tron Network in the Coming Hours

According to official sources, Binance will be conducting wallet maintenance on the Tron network in the next few hours. During this period, users may notice some large transactions on the platform's TRX hot wallet. Please rest assured that user funds are safe.

Binance Will List ATOM/FDUSD, AVAX/FDUSD and Other Trading Pairs on October 19

According to the official announcement, Binance will launch trading pairs for ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD on October 19, 2023 at 16:00 (GMT+8). In addition, Binance will open spot grid and spot DCA (dollar-cost averaging) trading robot services for NTRN/USDT and PENDLE/USDT trading pairs on October 19, 2023 at 16:00 (GMT+8).

Binance Will Remove Some Margin Trading Pairs Such As AUCTION/BUSD and ALGO/BUSD

October 18th, Binance Leveraged Tokens will remove AUCTION/BUSD, ALGO/BUSD, APT/BUSD, ATOM/BUSD, AXS/BUSD, COMP/BUSD, CRV/BUSD, DODO/BUSD, DYDX/BUSD, EGLD/BUSD, ETC/BUSD, EOS/BUSD, FLOW/BUSD, FTM/BUSD, GLMR/BUSD, GMT/BUSD, HBAR/BUSD, KEY/BUSD, LDO/BUSD, LEVER/BUSD, LINA/BUSD, MAGIC/BUSD, MANA/BUSD, MASK/BUSD, NEAR/BUSD, ONE/BUSD, RNDR/BUSD, TRX/BUSD, UNI/BUSD, and VET/BUSD full position and isolated position trading pairs on October 26th, 2023 at 14:00 (GMT+8).