Binance Adds BAKE, IDEX, and SLF to Monitoring List

Following its latest assessment, Binance is adding BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) to its Monitoring Tag list. Tokens with this label are considered highly volatile and risky, and are subject to enhanced scrutiny.

The exchange notes that these tokens may no longer meet listing standards and could be delisted if necessary. This move emphasizes the need for users to be well-informed and cautious when engaging with such assets.

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Mandatory Risk Quizzes Every 90 Days

To access these tokens on Binance Spot or Binance Margin, users must now pass a risk awareness quiz every 90 days and agree to Binance’s Terms of Use. The intention is to ensure that traders understand the risks before interacting with assets flagged by the Monitoring Tag.

These tokens will be visibly marked on the Markets Overview and trading pages, along with a clear risk warning banner to inform and protect users. Binance reiterates its commitment to transparency, community safety, and responsible trading practices.

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 Added These Three Tokens to Its Watchlist! appeared first on Coin Engineer.

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Delisted Trading Pairs

• RAY/BNB
• TNSR/BTC
• VANA/BNB
• VANRY/BTC
• WOO/BTC

Tokens Remain Tradeable

The delisting of these trading pairs does not mean the tokens themselves are being removed. Users may continue to trade these assets in other available pairs on Binance Spot.

Spot Trading Bots linked to these pairs will be deactivated on April 18, 2025, at 03:00 UTC (06:00 TSI). Users are strongly advised to cancel or update their bots to avoid losses.

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.

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Binance’s New Listing Model and Selected Tokens

As per the March 27 announcement, the following tokens will be listed on Binance Spot Market at 21:00 UTC:

• mubarak (MUBARAK)

• CZ’s dog (BROCCOLI714)

• tutorial (TUT)

• banana for scale (BANANAS31)

All tokens will be available for trading against USDT and USDC pairs. Deposits were opened earlier on March 27, while withdrawals will be available from March 28.

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Binance emphasized that selection was not solely based on voting data. A spokesperson clarified:

“The four tokens were chosen based on a comprehensive review, including raw voting data, market activity, risk compliance, and overall engagement.”

The exchange reviewed 185,432 votes and filtered out over 12,000 invalid ones during the vetting process.

Vote to List Process and Future Considerations

During voting, MUBARAK ranked highest under one methodology, while BANANAS31 led in another. However, Binance clarified that tokens not selected in this round may still be considered for future listings.

Binance stated:

“Tokens in the first batch of Vote to List that are not listed remain eligible for future consideration, subject to ongoing performance reviews and due diligence.”

The four selected tokens will carry a Seed Tag, indicating high risk and volatility. Users must complete risk acknowledgment quizzes every 90 days to access them. Regional restrictions also apply.

Binance noted:

“Trading availability of the aforementioned pairs is subject to the user’s country or region of residence.”

Binance Alpha users who previously held these tokens can now transfer them to their Spot Accounts for continued trading.

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 Reveals First “Vote to List” Results! appeared first on Coin Engineer.

Viewing Spot Wallet PNL on Binance Website

1. Log in to your account: After logging into your Binance account, navigate to the wallet icon at the top right of the screen and select [Spot] from the dropdown menu.
2. Profit/Loss Status: On the Spot Wallet page, click the arrow next to [Today’s Profit/Loss Status] at the top of the screen to view your updated PNL data.

Viewing PNL on the Binance Mobile App

1. App Interface: If you are using the Binance app, go to the [Wallets] tab and click on [Spot]. On the page that opens, click the arrow next to [Today’s PNL] to see your current profit and loss report.

By following these steps on both the website and the mobile app, you can track your spot wallet’s PNL in real time. This feature is quite useful for regularly monitoring your investment performance.

Spot Wallet PNL Calculation Formulas

To help investors better understand their financial outcomes, Binance provides detailed PNL calculations. Various PNL calculations based on different time frames are as follows:

1. Today’s PNL: To see your PNL for the day, subtract the starting spot wallet balance of the day from the ending balance and account for the net total of transfers and deposits during the day. The formula is: Today’s PNL = Current Spot Wallet balance – Starting Spot Wallet balance – Net total of the day’s transfers and deposits
2. Total PNL: When you want to calculate PNL over a longer period, you can use the total PNL formula, which also includes the daily average net transfers and deposits during the selected time frame. Total PNL = Total PNL / (Starting Spot Wallet balance on Day 1 + Daily total average net transfers and deposits from Day 1 to N)
3. Daily PNL: To track your daily profit and loss, compare your 00:00 spot wallet balance with your end-of-day balance, accounting for transfers and deposits: Daily PNL = End of day Spot Wallet balance – Spot Wallet balance at 00:00 – Net total of the day’s transfers and deposits
4. Asset Allocation: Binance also allows you to view the allocation of your assets in your spot wallet, sorted by market value. All assets in your wallet are ranked by volume according to market prices, helping you better evaluate your investment portfolio.
5. Net Asset Value: You can view the total net value of your assets over time. This feature allows you to track changes in the value of your portfolio over multiple days and serves as a guide for making strategic decisions.

Features of Binance’s PNL Tracking System

While Binance offers users the ability to analyze their PNL on a daily and periodic basis, it is important to consider some technical details:

• Data Statistics: Binance organizes PNL data according to the UTC time zone. System maintenance typically occurs between 00:00 and 02:00 (UTC). During this time, the previous day’s profit and loss data may be temporarily unavailable.
• Comprehensive Analyses: Binance users can view performance data for specific time periods (such as one week or one month) in addition to daily PNL data. This allows for a long-term assessment of investment strategies.

Viewing PNL and Transaction Analysis in Binance Margin Wallet

Performing profit and loss analyses for margin trades is essential for managing risk. Binance offers various options to analyze PNL in your margin wallet in detail.

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Viewing Margin PNL on the Website

After logging into Binance, go to the [Wallet] menu and select the [Margin] section. Here, you can choose either [Cross] or [Isolated] options to view your periodical analyses. For example:

• Today: Shows the profit and loss analysis from 00:00 today.
• Last 7 Days: Provides the PNL analysis of your margin trades over the past 7 days.
• Last 1 Month: Displays the profit and loss for margin trades in the last 30 days.

Viewing Margin PNL on the Mobile App

Users of the Binance app can access detailed profit and loss analyses by going to the [Wallets] tab and clicking on [Margin]. Here, you can access detailed PNL analyses of both cross and isolated margin accounts.

Margin Wallet PNL Calculation Methods

PNL calculations in your margin wallet are as follows:

1. Daily PNL: To calculate daily performance, subtract the opening equity from the closing equity and add the net transfers for the day: Daily PNL = Day 1 Account Equity – Day 0 Account Equity – Net Transfer on Day 1
2. Total PNL: To calculate total profit and loss over a longer time frame, the difference between the equity at the beginning and end of the period is used, including net transfers. Total PNL = Account Equity on Day N – Account Equity on Day 0 – Net Transfers from Day 1 to N

The Binance margin wallet allows for detailed analysis of risk management. It is also essential to monitor both cross and isolated margin account types.

Important Information

• Cross Margin Accounts: Data for cross margin accounts on Binance is available from May 1, 2019, and up to 6 months of data can be viewed.
• Isolated Margin Accounts: For isolated margin accounts, the system only supports data for the last 3 months, with a maximum of 30 days available for viewing at once.

By regularly tracking the profit and loss in both your spot and margin wallets, you can optimize your investment strategies.

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 How to View Binance Spot and Margin Profit and Loss? appeared first on Coin Engineer.

Binance’s announcement is as follows:

“This announcement provides information about new trading pairs and trading bot services that will be available on Binance Spot starting September 4, 2024. Please note that the availability of these products and services may vary depending on your region.

New Trading Pairs

As of 2024-09-04 08:00 (UTC), the following trading pairs are available:

• AAVE/USDC
• STMX/TRY
• SUN/TRY
• TRX/USDC

Trading Bot Services

As of 2024-09-04 08:00 (UTC), the following trading bots are available:

Spot Grid, Spot DCA, and Rebalance Bot:

• DOGS/USDT
• RENDER/USDT
• REZ/USDT
• ZK/USDT
• ZRO/USDT

Spot Algorithm Orders

• AAVE/USDC
• STMX/TRY
• SUN/TRY
• TRX/USDC

Important Notes

TRY represents the fiat currency Turkish Lira and is not associated with any digital currency.

Discounted Fees

Users will benefit from discounted taker fees on all existing and new USDC spot and margin trading pairs until otherwise stated. Eligibility: Trading these new pairs is subject to eligibility based on the user’s country or region of residence. Users must complete account verification to trade these new pairs.

Restricted Regions

Users residing in the following regions cannot trade these spot trading pairs:

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

Please note that this list of restricted countries may change due to updates in legal or regulatory requirements or other factors affecting trading eligibility. Always check the latest announcements for up-to-date information.

Thank you for your continued support!

Binance Team”

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The post Binance Announces Trading Pairs Available for Trading Starting September 4 appeared first on Coin Engineer.

• Toncoin (TON)
• Kaspa (KAS)
• Monero (XMR)
• Ondo Finance (ONDO)
• BSV
• ZETA
• Ethereum PoW (ETHW)
• MYRO
• BIGTIME
• RATS
• TOKEN
• MAVIA,
• Orbs Network (ORBS)

Among the discussed cryptocurrencies, Toncoin (TON) and Ondo Finance (ONDO) have especially stood out with the most trading volumes. This substantial trading activity emphasizes their major presence in the futures market and possible attraction for investors.

Killthewolf.eth emphasized, “On Binance, 13 altcoins are presently under futures trading but not listed on spot. These altcoins follow a chart. Among them, TON is the most market-capitalized and traded and is probably the next altcoin to be spot-listed.”

The possible listing of these altcoins on Binance Spot could have a major influence on their market dynamics since it provides more liquidity and easier access for investors. The present futures trading activity acts as a gauge for the increasing interest and potential future performance of various digital assets.

Investors and the bitcoin community are especially waiting for more Binance announcements on the spot listing of these cryptocurrencies. Such improvements will not only improve the trading possibilities on the platform but also probably affect the general market trends for several digital currencies.

The expectation around these possible spot listings emphasizes the dynamic nature of bitcoin trading and the continuous interest in different digital assets as the market develops.

The post Binance Futures Lists 13 Altcoins: Spot Listing Soon? appeared first on Coin Engineer.

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This will be effective for the following trading pairs until 03:00 (UTC) on January 26, 2024:

• COMBO/BNB
• CRV/ETH
• IOST/ETH
• NEO/ETH
• QKC/ETH
• QUICK/TUSD
• RUNE/EUR
• WOO/BNB

Delisting a spot trading pair does not affect the availability of tokens on Binance Spot. Users can continue to trade and offer their assets based on the spot trading pair on other existing trading pairs.

Binance will also terminate Spot Trading Bots services for the aforementioned spot trading pairs on January 26, 2024, 03:00 (UTC). Additionally, Binance Exchange recommends that users update and/or cancel their Bots before Spot Trading Bots services are stopped to prevent potential losses.

The post Binance (Bitcoin Exchange) to Delist These Altcoins! appeared first on Coin Engineer.