Binance update impacts Ripple (XRP) traders
- Binance is set to refresh its trading offerings by adding new pairs to Binance Spot and discontinuing some current ones.
- On May 29, the company will maintain its wallet services, leading to a brief pause in deposits and withdrawals on the Ethereum network.
Introduction of Fresh Trading Couples
To enhance the trading experience and keep pace with recent market movements, Binance is broadening its array of trading options on Binance Spot. Newly introduced pairs include BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC. Additionally, Binance will provide trading bot services for these new pairs.
Remarkably, some new pairs will incorporate the Mexican peso (MXN) - Mexico's official currency. This follows Binance's earlier move this year, launching a direct trading pair between USDT and MXN.
Beyond adding new spot trading pairs, Binance has announced the removal of certain existing pairs from its platform. From May 31, CAKE/TUSD, DYDX/BNB, and LAZIO/BTC will be phased out.
Despite these removals, Binance has confirmed that the affected tokens will remain accessible on Binance Spot through other trading pairs. "Our platform will continue to support trading of the base and quote assets of the discontinued pairs through alternative available pairs," the exchange clarified.
Scheduled Maintenance by Binance
According to a report by CryptoPotato, Binance is set to carry out wallet maintenance for the Ethereum network on May 29. This necessary maintenance, expected to last around two hours, will temporarily suspend deposits and withdrawals on the ETH network.
Binance has assured that this operation will not impede the trading activities of tokens within this ecosystem and has committed to managing all the technical aspects on behalf of its users. It is important to note that following this, no further updates will be provided, urging customers not to heed any unsolicited information found online:
"Once we ascertain the stability of the network, activities such as deposits and withdrawals for tokens on the network as mentioned above will resume without any additional announcements."
Previously, in March, the exchange briefly paused withdrawals for Solana (SOL) due to a surge in network transaction volumes. However, service was quickly reinstated, with Binance extending apologies for any inconvenience caused.
