Top 5 Binance’s Third Week of July Updates
ARB
X
MAV
SPOT
SEI
Binance has announced several significant updates affecting its platform, including support for the Sei Network upgrade, and tick size adjustments.
1) Support for Sei Network Upgrade
Starting from approximately 15:30 UTC on July 15, 2024, Binance will suspend deposits and withdrawals for tokens on the Sei (SEI) network. This suspension is part of Binance’s effort to support the Sei Network’s network upgrade.
The temporary halt will ensure a smooth transition and optimal user experience during the upgrade process. Users are advised to plan their transactions accordingly to avoid any inconvenience. More info here.
2) Tick Size Adjustments for Spot Trading Pairs
To enhance market liquidity and improve the trading experience, Binance will adjust the tick size— the minimum price increment for certain spot trading pairs—by July 22, 2024, at 05:00 UTC.
This adjustment aims to provide more precise trading opportunities and better align with market conditions. Traders should review the updated tick sizes for their trading pairs to ensure they are aware of the new minimum price changes. More info here.
3) $PEPE Flexible Products Promotion
Binance is launching a new promotion for its $PEPE flexible products, offering up to 8% bonus tiered annual percentage rates (APRs). The promotion runs from July 16, 2024, at 00:00 UTC to August 15, 2024, at 23:59 UTC.
This offer provides users an opportunity to maximize their returns on $PEPE holdings with attractive bonus rates. Participants should take advantage of this limited-time promotion to benefit from the higher APRs. More info here.
Source: X
4) Removal of Spot Trading Pairs
Following recent reviews, Binance will remove and cease trading on specific spot trading pairs. The affected pairs are ICP/BNB and MAV/TUSD, with the removal effective from July 19, 2024, at 03:00 UTC.
Traders holding these pairs should make arrangements before the removal date to avoid any potential issues. More info here.
5) Maverick Protocol (MAV) and ETHFI Integration
Binance has completed the integrations of Maverick Protocol (MAV) and ETHFI on the Arbitrum One Network. Deposits and withdrawals for these assets are now open. This integration enhances Binance’s support for decentralized protocols and expands trading opportunities on the Arbitrum One Network. More info here.
These updates reflect Binance’s ongoing commitment to improving its platform and user experience. Users should stay informed about these changes and adjust their trading strategies accordingly.
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