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Important Binance Update: Ripple (XRP) and Shiba Inu (SHIB) Traders Take Note

This week, Binance, the leading cryptocurrency exchange, introduced new trading pairs involving the Japanese yen.

XRP and SHIB with Japanese Yen symbolizing new Binance trading pairs.
Source: Coinbackyard

New Pairs Incoming

On April 30, Binance Spot will debut trading pairs such as XRP/JPY, SHIB/JPY, ADA/JPY, and SOL/JPY. Trading bot services for these pairs will also go live on the same day.

With a focus on the Japanese market, these additions aim to deepen local involvement in the crypto industry. Binance emphasizes zero maker and taker fees on JPY trading pairs until further notice.

Market Trends

Despite Binance’s support and the anticipation of new listings, cryptocurrencies like XRP, SHIB, ADA, and SOL are experiencing value declines amidst an overall market correction.

Previous Updates

Binance has been actively updating its trading program in 2024, listing new digital currencies and delisting others due to various factors, including liquidity concerns.

In March, new pairs like PEPE/FDUSD and UNI/FDUSD were introduced, while coins like Monero (XMR) and Aragon (ANT) were delisted.

In April, Binance expanded its offerings further by adding 18 new loanable assets, including Pepe (PEPE) and dogfight (WIF), to its loan platform.

Stay tuned for more updates on cryptocurrency trading and market developments.

April 30, 2024 at 12:17 pm

Updated April 30, 2024 at 12:17 pm

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