A new development occurred today in the world of cryptocurrency. Accordingly, the cryptocurrency exchange Binance made an announcement regarding an altcoin. According to the announcement, Binance has completed the Stratis (STRAX) token swap and revaluation. Let’s look at the details.
Binance Announces Stratis (STRAX) Update
Binance announced that it has completed the Stratis (STRAX) token swap and revaluation. Deposits and withdrawals for the new STRAX tokens are now open.
The exchange provided information about the current services for the new Stratis (STRAX). Accordingly, spot trading for the pairs STRAX/BTC, STRAX/USDT, and STRAX/TRY started today at 11:00 AM Turkey time. Additionally, STRAX was added to Binance Simple Earn at the same time. Users can now subscribe to STRAX Flexible Products.
Changes in Token Quantities
Binance will also add STRAX as a new borrowable asset to Cross and Isolated Margin today at 4:00 PM Turkey time, as well as the STRAX/USDT pair to Cross and Isolated Margin.
Lastly, Binance will add Strax as a new borrowable asset to Binance Loans (Flexible Rate) on March 29, 2024, at 11:00 AM Turkey time.
The distribution was carried out at a ratio of 1 old STRAX = 10 new STRAX. Accordingly, Binance will no longer support the deposit and withdrawal of old STRAX tokens. Following the development, the price of Strax is at $0.16.
