Crucial Update from Binance on February 28th: Impact on Fifteen Cryptocurrencies

Crucial Update from Binance on February 28th: Impact on Fifteen Cryptocurrencies


Important Notice from Binance: Temporary Suspension of 15 Trading Pairs on Binance Convert

On February 28th, Binance will temporarily halt access to 15 trading pairs on Binance Convert. These pairs include WBNB-BNB, WETH-ETH, STGOLD-STG, AVAOLD-AVA, MATICUSDCE-USDC, PAX-TUSD, BUSD-FDUSD, and others.

This measure is part of scheduled system maintenance, anticipated to last approximately two hours. Users will be able to resume trading on the affected pairs through Binance Convert once the maintenance is concluded.

The primary objective behind this maintenance is to enhance the overall system performance and stability, as stated by the company.

Binance frequently implements updates to improve user experience. Earlier this month, it terminated trading services for Monero (XMR), Aragon (ANT), Multichain (MULTI), and Vai (VAI).

Subsequently, it introduced ADA/USDC, AVAX/USDC, MATIC/USDC, and XRP/USDC as new cross-margin pairs, along with AC Milan Fan Token (ACM), FIO Protocol (FIO), and IQ (IQ) as new borrowable assets on the cross and isolated margin.

In the past week, Binance expanded its list of trading options on Binance Spot, incorporating FIL/USDC, HBAR/TRY, PENDLE/TRY, and WLD/USDC. Additionally, it enabled trading bot services with BNB/FDUSD, DYM/USDT, ETH/FDUSD, PYTH/USDT, SOL/FDUSD, PYTH/USDT, and others.

Crucial Update from Binance on February 28th: Impact on Fifteen Cryptocurrencies

Scheduled maintenance typically does not significantly impact prices since traders are notified in advance to make necessary preparations. However, it's crucial to emphasize that Binance has stated no further announcements will be made regarding the aforementioned changes. Therefore, it's advisable to exercise caution and verify the authenticity of any information encountered online. Refrain from clicking on any links unless their authenticity has been verified.

Recently, the official MicroStrategy Twitter account was compromised, resulting in the posting of a phishing link for a fake MSTR token offering. This incident led to losses or compromises of over $400K.