Binance has announced on its website that they are now accepting trades for the trading pairings BNB/USDC, BTC/USDC, and ETH/USDC. The aforementioned announcement made some significant points clear, including the BTC/USDC spot trading pair purportedly being left out of the Zero-Fee Bitcoin Trading scheme.
Additionally, it is claimed that the trading volume on the BTC/USDC spot trading pair will be taken into account when calculating the volume for the VIP tier and the Liquidity Providers program. In addition, the aforementioned notification made clear that in the event of a conflict between the translated versions and the original English edition, the English version shall take precedence.
Additional New Trading Pairs
The largest cryptocurrency exchange platform in the world, Binance, previously announced the addition of Conflux, Stacks, and TerraClassicUSD trading pairs in response to what is allegedly increasing demand for these cryptocurrencies. These trading pairs have since been joined by BNB/USDC, BTC/USDC, and ETH/USDC.
The relevant cryptocurrency exchange platform announced last March 9 that they would start trading new pairs of Conflux (CFX), Stacks (STX), and TerraClassicUSD (USTC). The aforementioned trading pairs also include KEY/USDT, USTC/USDT, STX/TRY, and CFX/TRY. According to reports, trading for these pairs began on March 10 at 8:00 AM UTC.
Popularity Gained by Conflux and Stacks
According to reports, Conflux, the only regulatory-compliant blockchain in China that uses the Tree-Graph consensus method for enhanced throughput and scalability, has seen a spike in the trade as a result of the enormous demand for tokens and blockchains with ties to China. In recent weeks, the CFX token is said to have increased by almost 700%, reaching a high of $0.3595.
On the other side, the enthusiasm around Ordinals NFTs, which may be stored on the Bitcoin blockchain, is said to have contributed to the popularity of Stacks, a blockchain that purports to enable DeFi, NFTs, and other decentralized programs built on Bitcoin. During the recent excitement, the price of STX was believed to have increased significantly, which allowed crypto mining companies to profit.
TerraClassicUSD Gaining Positive Popularity
The Terra Luna Classic community has reportedly taken notice of Binance’s decision to add USTC/USDT trading pairs. It should be recalled that the CEO of Binance previously stated that USTC had a better strategy but the plan was poorly carried out. This comment purportedly surfaced after American officials halted the production of Paxos-issued Binance USD.
According to reports, the price of TerraClassicUSD has increased by 6% in the past day and is presently trading at $0.02429. On the other side, in the previous 24 hours, its trading volume also increased by 18%.
