Binance continues to expand its trading options with the introduction of four new trading pairs:
- API3/TRY
- GLMR/BNB
- MBOX/TRY
- PAXG/BUSD
These pairs went live on March 4, 2022, at 17:00 (UTC+8), offering users more flexibility in portfolio diversification and trading strategies.
Key Details
- TRY represents the Turkish Lira (a fiat currency, not a cryptocurrency).
- PAXG is a gold-backed stablecoin, providing a bridge between digital assets and physical gold markets.
- BNB and BUSD are Binance’s native utility token and stablecoin, respectively.
👉 Explore Binance’s full trading pair listings for the latest opportunities.
Why These Listings Matter
- Enhanced Liquidity: New pairs improve market depth and reduce slippage.
- Diverse Trading Strategies: Traders can hedge or arbitrage across correlated assets (e.g., PAXG vs. gold prices).
- Regional Accessibility: TRY pairs cater to Turkey’s growing crypto market.
FAQs
Q: How do I trade these new pairs on Binance?
A: Log in to your Binance account, navigate to the Spot Trading section, and search for the pair (e.g., API3/TRY).
Q: Is TRY a cryptocurrency?
A: No, TRY is the currency code for the Turkish Lira. Binance supports select fiat-crypto pairs for easier onboarding.
Q: What is PAXG?
A: PAX Gold (PAXG) is a regulated digital asset backed 1:1 by physical gold stored in vaults.
Q: Are there trading fees for these pairs?
A: Binance applies standard trading fees. Check their Fee Schedule for details.
Risk Disclaimer
Cryptocurrency trading involves significant risk. Prices can be volatile, and past performance doesn’t guarantee future results. Always conduct independent research and trade responsibly.
Binance does not endorse or guarantee any trades. This announcement is for informational purposes only.
By strategically adding these pairs, Binance reinforces its position as a leader in crypto market innovation. Stay updated with 👉 Binance’s latest listings for future opportunities.
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