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