Binance Expands Services with New Trading Pairs and Trading Bots
The world’s largest cryptocurrency exchange, Binance, has announced the addition of six new trading pairs to its platform. The new pairs include SHIB/FDUSD, SAND/ FDUSD, FIDA/TRY, INJ/FDUSD, IOTA/TRY, and MEME/ETH.
In addition to the new trading pairs, Binance has also introduced Trading Bots services for these pairs. Users can take advantage of zero maker fees on FDUSD trading pairs until further notice.
Price Increases for Shiba Inu and IOTA
Following the announcement, two digital assets experienced significant price increases. Shiba Inu (SHIB) saw its price rise by over 7% in the past 24 hours, while IOTA (IOTA) saw a valuation increase of over 15% during the same period.
Growing Interest in Cryptocurrencies in Turkey
The inclusion of trading pairs with the Turkish lira (TRY) reflects the increasing interest in cryptocurrencies in Turkey. This interest is driven by the depreciation of the national currency and economic concerns.
Hot Take: Binance Expands Services and Boosts Crypto Market
Binance’s expansion of services with new trading pairs and the introduction of Trading Bots has had a positive impact on the crypto market. The addition of SHIB/FDUSD and IOTA/TRY pairs has led to significant price increases for these digital assets. Additionally, the inclusion of TRY pairs caters to the growing interest in cryptocurrencies in Turkey. This move by Binance provides more opportunities for users to engage with cryptocurrencies and further strengthens the market.
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