Binance Announces New Trading Pair for This Altcoin! Trading Begins on October 17th!

Last updated: October 16, 2024 8:54 am

Published October 16, 2024

Binance, the leading cryptocurrency exchange, is expanding its trading options to enhance user experience. Starting from October 17, 2024, at 09:00 UK time, Binance will introduce a new trading pair for Binance Staked SOL (BNSOL). The BNSOL/USDT trading pair will be available on Binance Spot, and a Trading Bot service will also be launched for this pair.

Contents

BNSOL Trading Pair to Be Listed on Margin as Well
Trading Restrictions and Country Exclusions

BNSOL Trading Pair to Be Listed on Margin as Well

In addition to spot trading, BNSOL will be available for margin trading on Binance. Starting at 11:00 UK time on October 17, 2024, BNSOL will be available as collateral for cross-margin trading. The BNSOL/USDT trading pair will be enabled for both cross and isolated margin markets. Furthermore, BNSOL/SOL will be added to cross-margin trading. For the latest margin assets and corresponding limits, users can refer to Binance’s Margin Data page.

Trading Restrictions and Country Exclusions

By offering new trading pairs and margin-supported options, Binance aims to attract a wider user base. However, users must comply with regional regulations to access these features.

Additionally, those looking to trade the new pair must complete their account verification process. However, due to legal restrictions, the BNSOL/USDT trading pair will not be available in certain countries. Residents from the following countries and regions will be unable to trade this pair:

Australia
Canada
Crimea Region, Russia, and Kazakhstan
USA and its territories (Puerto Rico, Guam, American Samoa, etc.)
Cuba, Iran, Japan, Syria, and North Korea
New Zealand and non-government-controlled regions of Ukraine

Binance has noted that the list of restricted countries may be updated based on regulatory changes. Users are advised to regularly check the updated list.

Stay informed with Dey There for the latest news on Binance, BNSOL, and cryptocurrency trading.

Binance, BNSOL/USDT, margin trading, crypto exchange, trading restrictions, cryptocurrency

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ByEmiliano Trejo

Emiliano Trejo has spent the last 9 years immersed in the world of blockchain and cryptocurrencies, becoming a prominent figure in the industry. With a background in economics and a keen interest in decentralized systems, Emiliano has contributed to several groundbreaking projects, including the development of blockchain-based financial products and services. His expertise lies in the intersection of blockchain technology and economic models, where he excels in creating innovative solutions that leverage the benefits of decentralization. At DT NEWS, Emiliano shares his deep knowledge of the global cryptocurrency market, offering insights that help readers understand both the technical and economic implications of blockchain innovations.