Key Notes

Key Notes:

Binance is set to launch BNX/USDC and TRUMP/FDUSD spot trading pairs along with trading bot services for select pairs.Access to the new pairs will be restricted in certain countries, including the US, Canada, and North Korea, based on regulatory factors.

The world’s largest cryptocurrency exchange, Binance, has announced the introduction of new spot trading pairs on its platform. This is according to a Monday reveal, where the exchange noted that it will feature spot trading pairs such as BNX/USDC and TRUMP/FDUSD, starting from February 18, 2025. The pairs will go live at exactly 16:00 (UTC+8) on the day.

According to the firm, the new additions give users the opportunity to choose from a wide variety of options, thereby bettering their overall trading experiences.

Binance also shared that it will enable trading bot services for select pairs once these new trading pairs go live. The supported spot algorithmic orders will include BNX/USDC, CAKE/USDC, HEI/USDC, TRUMP/FDUSD, and TST/FDUSD.

Meanwhile, the platform noted that there is a level of exclusivity to the newly introduced pair(s). This means that access will be dependent on the user’s country or region of residence. As quoted from the official announcement, the list of restricted countries that Binance provided will be the following:

“Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the US Virgin Islands), and any non-government controlled areas of Ukraine.”

It might be worth noting that this list may be updated from time to time. That is, as long as there are changes in the regulatory stances as well as other factors that have formed the basis of the restriction at this time, Binance noted.

Be that as it may, users must complete the necessary account verification process to be able to trade these pairs.

Binance’s latest move comes as the exchange continues expanding its trading services. This is, despite the intensity of regulatory scrutiny on it, particularly in the US.

There might be some cheer-worthy news on that front, though. Speculations are recently growing that President Donald Trump’s administration could introduce a more favorable regulatory environment for Binance and other crypto exchanges.

For instance, reports recently filtered that Trump’s team is exploring the establishment of crypto-friendly regulations and a clearer framework for digital assets.

The easing tension is clearly showing results already. As a fact, it may have been responsible for the agreement between the US Securities and Exchange Commission (SEC) and Binance earlier this month, which saw them file a joint motion requesting a 60-day pause in their ongoing legal battle.

While the move shows the SEC taking a more relatable approach with crypto under Acting Chairman Mark Uyeda, the pause also hints at a potential case resolution.

As it stands, it appears that all efforts are leaning more on the side of regulatory clarity. At the same time, Binance will continue to change its token listings in an attempt to streamline its offerings and maintain compliance with evolving regulatory standards.

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.

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