Binance will open trading for these new pairs starting from February 25, 2025, at 08:00 (UTC).
By Mayowa Adebajo
Edited by Julia Sakovich
Updated
3 mins read
In quite its usual manner, Binance has once again shared the notice of the latest trading pair additions to its platform. The world’s leading crypto exchange in terms of trading volume shared this in a Monday announcement, in what seemed like a move that may have been focused on its growing user base in Latin America.
Per the update, Binance users will now have access to BNB/ARS, ETH/MXN, KAITO/BRL, SOL/ARS, SOL/MXN, TRUMP/BRL, TRX/FDUSD, and TST/TRY pairs. The platform will open trading for these new pairs starting from February 25, 2025, at 08:00 (UTC).
Listing and delisting of trading pairs are not exactly an uncommon practice on Binance. The platform does this quite often as it strives to bring everyone on board to have equal trading access while faced with an array of options.
These efforts are also part of its commitment to create a safe trading environment for its users, ensuring that the platform always complies with the right regulations for Binance’s business.
In view of this, the new trading pairs appear to be mostly tailored to the unique needs of Binance users who are residents in the Latin American (LATAM) region. From the pairs shared in the notice, one may deduce that Binance has put traders from Argentina, Mexico, Brazil, and Turkey into consideration before making the decision.
Interestingly, this decision does not exactly come as a surprise. The LATAM region has been registering a notable increase in interest in cryptocurrencies. So, it is only necessary that Binance puts in an effort to help facilitate direct trades between major cryptocurrencies and local fiat currencies in these locations.
With its latest effort, though, the platform has not only helped to lower transaction costs for users in these regions but also improved their overall trading experience.
For example, the BNB/ARS pair means that Argentine traders may now directly exchange Binance Coin BNB $602.7 24h volatility: 0.4% Market cap: $87.95 B Vol. 24h: $653.15 M for Argentine Pesos (ARS). Similarly, Mexican users have the option to trade Ethereum ETH $1 813 24h volatility: 1.1% Market cap: $218.83 B Vol. 24h: $11.55 B against the Mexican Peso (MXN) with the ETH/MXN pair.
According to Binance, advanced trading Bots services for the new trading pairs will also go live on Tuesday. That is, at the exact time that the pairs open for trading.
These tools, the exchange says, will help traders to automate their trading while executing strategies with precision and speed.
Binance did sound a note of warning to users. It said that ARS, BRL, MXN, and TRY represent fiat currencies and not any digital assets. Therefore, they are only to be traded by eligibility, which is based on the user’s country or place of residence.
The platform also excludes residents of certain countries from trading the new spot pairs. It listed Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America, and its territories, as well as any non-government controlled areas of Ukraine as restricted.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
