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The major cryptocurrency exchange Binance has announced that it will be adding new trading pairs to its spot market to expand the trading options and enhance the trading experience for its users. Accordingly, ALT/USDC, MAGIC/FDUSD, and SEI/USDC pairs will be added to Binance Spot and opened for trading.
Three New Trading Pairs to Be Added to Binance Spot
Cryptocurrency exchange Binance has announced that it will be adding three new trading pairs to the spot market to expand its trading options. Accordingly, on February 2nd at 11:00 AM TRT, the pairs ALT/USDC, MAGIC/FDUSD, and SEI/USDC will be added to Binance Spot and opened for trading.
In addition, Binance will also activate Trading Bots services for the ALT/USDT, ALT/USDC, MAGIC/FDUSD, and SEI/USDC trading pairs on February 2nd at 11:00 AM TRT. For the ALT/USDT pair, the Spot Grid, Spot DCA (Dollar Cost Averaging), and Rebalancing Bot will be activated, while for the ALT/USDC, MAGIC/FDUSD, and SEI/USDC pairs, the Spot Algo Orders Bot will be enabled.
The cryptocurrency exchange also noted that users will be able to benefit from a zero-fee market maker promotion for FDUSD trading pairs until the next announcement.
What is a Trading Pair?
Trading pair refers to the transaction in which a user exchanges one cryptocurrency for another. For example, the BTC/USDT (Bitcoin/Tether) trading pair means that Bitcoin can be bought and sold against Tether (USDT). Each trading pair consists of a primary currency (base currency) and a secondary currency (quote currency). These trading pairs provide users with the opportunity to trade between different cryptocurrencies.
Trading pairs vary in cryptocurrency exchanges, and users can convert between different cryptocurrencies. The liquidity, trading volume, and other factors of these trading pairs can be important for users who want to trade. In cryptocurrency exchanges like Binance, trading can be carried out through various trading pairs.
