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Binance’s Fourth Week of July Updates
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Binance, the world’s leading cryptocurrency exchange, has announced several important updates and changes to its services.
Let’s discover more about these important announcements from Binance
1. Discontinuation of Binance Loans Stable Rate Services
Starting September 2nd, 2024, Binance will no longer offer the 7 Days and 30 Days Stable Rate Services under its Binance Loans program. The decision comes as part of Binance’s regular product reviews aimed at ensuring that their services remain valuable and competitive. From 04:00 (UTC) on that date, users will no longer be able to place new Stable Rate Loan orders or extend existing ones.
This includes access through SAPI endpoints. However, any ongoing Stable Rate Loan orders will remain unaffected and can be held until their scheduled expiry. Binance advises users to disconnect their systems from the relevant endpoints before the deadline to avoid any disruptions. More info here.
2. Integration of YGG on the Ronin Network
In another development, Binance has successfully completed the integration of Yield Guild Games (YGG) on the Ronin network.
As of now, users can deposit and withdraw YGG tokens via the Ronin network, further broadening Binance’s support for diverse blockchain ecosystems and offering users greater flexibility in managing their assets. More info here.
Source: X
3. Upcoming Flow (FLOW) Network Upgrade
Binance has also announced a temporary suspension of deposits and withdrawals for tokens on the Flow (FLOW) network, starting on September 4, 2024, at approximately 11:00 (UTC).
This suspension is to support the network’s scheduled upgrade and hard fork, which is expected to occur at around 12:00 (UTC) on the same day. The measure is intended to ensure a smooth transition and maintain the best possible user experience during the upgrade. More info here.
4. Binance Margin System Upgrade
On August 28, 2024, Binance Margin will undergo a scheduled system upgrade starting at 07:15 (UTC). The upgrade, expected to last around 30 minutes, may result in temporary instability in Binance Margin services.
Users are advised to plan accordingly and be prepared for potential disruptions during this brief maintenance period. More info here.
5. New Trading Pairs and Trading Bots
To enhance the trading experience and expand options on Binance Spot, new trading pairs—DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC—will be available starting August 28, 2024, at 13:00 (UTC).
Additionally, Binance will enable Trading Bots services for these pairs, providing users with more automated trading strategies to optimize their market activities. More info here.
These updates underline Binance’s ongoing efforts to refine its platform, integrate emerging technologies, and offer a wider array of trading options for its global user base. See the rest of the ads here.
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August 30, 2024 at 11:09AM
August 30, 2024 at 11:11AM
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