Binance Expands Trading Pairs with BNB/USDC, BTC/USDC and ETH/USDC
Binance, one of the world’s leading cryptocurrency exchanges, has announced the addition of three new trading pairs on its platform. The BNB/USDC, BTC/USDC and ETH/USDC trading pairs are now available for trading on Binance Spot.
This news comes just one day after Binance reintroduced USDC trading with the USDC/USDT trading pair. The move to temporarily halt the auto-conversion of USDC to BUSD was due to high inflows and an increasing burden to support the conversion, which was seen as a standard risk-management procedure by the exchange.
According to the announcement made by Binance, trading for the new pairs opened on March 12 at 6:30 UTC. Users can now trade Binance Coin (BNB), Bitcoin (BTC) and Ethereum (ETH) against the USDC stablecoin.
The stability of USDC has been impacted as the stablecoin dropped from its peg of $1 USD to a low of $0.87 USD before slowly recovering to $0.97 USD at the time of publication.
Read more:
- Binance’s Zero Trading Fees For BTC/TUSD And USD Stablecoin Pairs Lead To Over 50% Surge In TrueFi’s TRU Token
- Binance Reintroduces USDC/USDT Trading Pair In Surprising Move At 2 PM UTC