• CVC/USDC
• EURI/USDC
• SYN/USDC
• USDC/RON
• VELODROME/USDC

In addition to these trading pairs, Binance will also enable Trading Bots (Spot Algo Orders) services for the same pairs at the same date and time. The Trading Bots service allows users to automate their trades and respond more efficiently to market movements.

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Discounted Taker Fees on USDC Trading Pairs!

Binance has confirmed that it will continue offering discounted taker fees on all existing and new USDC spot and margin trading pairs. The end date for this promotion has not yet been specified, and users are advised to follow future announcements for updates.

Regional Restrictions and User Eligibility

Binance’s announcement also emphasized that due to regulatory restrictions, users residing in certain countries and regions will not be able to trade these new pairs. Currently, trading access is restricted for users in the following countries and territories:

• Canada
• Cuba
• Crimea Region
• Iran
• Netherlands
• North Korea
• Syria
• United States and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands)
• Non-government controlled areas of Ukraine

Users must complete account verification (KYC) to participate in trading these new pairs.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Announces New Spot Trading Pairs and Trading Bots Services! appeared first on Coin Engineer.

Additionally, Trading Bot services for these new trading pairs will go live simultaneously. Through Spot Algo Orders, users will have the opportunity to automate their trading on these pairs. This feature can offer significant advantages for investors looking to capitalize on rapid market opportunities in the volatile cryptocurrency market.

While these new trading pairs will be available to all Binance users, access may be restricted in certain countries due to legal regulations. For example, trading on these pairs will not be available to users in the United States, Canada, North Korea, Iran, Syria, and the Netherlands. To trade on these new pairs, users must complete the identity verification process.

With a growing trading volume and expanding list of trading pairs, Binance aims to provide its users with more opportunities. However, users are encouraged to refer to the original English announcement for the most accurate information in case of any discrepancies in translations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Lists These Trading Pairs! appeared first on Coin Engineer.

Binance continues to bolster its suite of automated trading tools with the addition of the Funding Rate Arbitrage Bot. Joining existing options like Grid Trading, Rebalancing Bots, Auto-Invest, and DCA, this new bot caters to users interested in delta-neutral spot and futures arbitrage strategies.

The Funding Rate Arbitrage Bot automates the process of capturing funding fees, eliminating the need for manual execution of separate spot and perpetual futures trades. It achieves this by opening a perpetual futures position and simultaneously hedging it with an opposite position of equal size on the same asset in the spot market.

Simplified Trading Management

Unlike manual arbitrage strategies, the Funding Rate Arbitrage Bot executes both trades concurrently based on user-defined parameters. This integrated approach simplifies management by consolidating everything within a single platform, eliminating the need to monitor separate orders across different interfaces. Users can also conveniently track bot performance within their dedicated trading bot wallet.

Supporting Positive and Reverse Carry Strategies

The Funding Rate Arbitrage Bot offers two deployable strategies to capture funding fees:

Positive Carry: Buy an asset on the spot market while shorting the corresponding perpetual futures contract to capitalize on positive funding rates.

Reverse Carry: Buy an asset on the spot market and go long on perpetual contracts to benefit from negative funding rates.

Availability and Future Developments

The Funding Rate Arbitrage Bot is currently accessible on the Binance website, with a mobile app release scheduled for May 30th.

“We prioritize user choice and actively incorporate community feedback,” said Rohit Wad, Binance’s Chief Technology Officer. “This Funding Rate Arbitrage Bot empowers users who already employ manual arbitrage strategies by offering a simple and automated solution. Its user-friendly interface also allows more users to explore new strategies. We’re pleased with the positive reception to Spot Copy Trading, with over 700 Lead Traders registered so far.”

Spot Copy Trading Now Available to All

Previously launched in beta for Lead Traders, Spot Copy Trading is now fully available to all eligible Binance users. This feature allows users to replicate the portfolios of Lead Traders who have demonstrated positive performance. Notably, over 70% of active Lead Traders have achieved positive P&L since joining Spot Copy Trading, even amidst a volatile market that saw the overall crypto market capitalization decline by 11% in April.

The post Binance Launches Funding Arbitrage Bot and Expands Spot Copy Trading Functionality appeared first on Coin Engineer.