Starting on October 16, 2024, Binance will expand its trading options by launching the SUI/BRL and TURBO/TRY trading pairs. These new pairs, which will go live at 9:00 AM (UK time), aim to enhance the user experience by offering Spot Algo Order services.
New Trading Pairs: SUI/BRL and TURBO/TRY
The new trading pairs SUI/BRL and TURBO/TRY listed on Binance Spot aim to boost trading volume and provide users with more diverse options. BRL stands for the Brazilian real, and TRY represents the Turkish lira, both of which are fiat currencies and should not be confused with any cryptocurrencies.
The availability of these trading pairs may vary depending on the user’s country or region. To access these pairs, users must complete the necessary identity verification processes on the Binance platform.
Trading Restrictions and Applications
Binance has implemented restrictions on trading in certain regions, taking legal and regulatory developments into account. At present, users from Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, and the United States (including its territories like Guam, Puerto Rico, American Samoa, the Northern Mariana Islands, and the U.S. Virgin Islands) will not be able to trade these pairs. Additionally, parts of Ukraine not under state control are also included in these restrictions.
Users need to ensure that their trading complies with regulations in their respective countries and meets the updated requirements set by Binance. The platform has also stated that it will periodically update this list and its trading rules based on legal changes.
With this development, Binance aims to offer users a broader range of trading options and improve the overall experience with algorithmic trading solutions.
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Binance, SUI/BRL, TURBO/TRY, trading pairs, algorithmic trading
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