Significant revelations from Binance, pertinent to altcoin investors' interests.
Stirring Things Up on Binance Exchange: 17 Altcoins Moving from Binance Alpha to Spot Accounts Starting April 22
Get ready for some major moves on Binance, the number-one crypto exchange, as they're transferring 17 altcoins from Binance Alpha to its Spot Accounts beginning April 22. Here's what you can expect to see amid this shake-up:
- Popular altcoins such as ONDO, VIRTUAL, BROCCOLI, and MUBARAK will make the leap from Alpha to Spot Accounts on April 22.
- Alongside them, memecoins like BANANAS31, BROCCOLI, COOKIE, and TUT will also be included in this transfer.
Notably, once the tokens land in Spot Accounts, they can be traded, deposited, and withdrawn. However, users should be aware that after the transition, they won't be able to move these tokens back to their Alpha Account.
Bit by bit, Binance continually updates its platform to keep up with the fast-paced crypto market and improve user experiences. The transition of these tokens to the spot market means they become tradeable for a wider audience. In addition, Binance has noted that some tokens may alter their name or unit during this transition.
As for the buying and selling action, on April 22, Binance intends to launch automatic buy and sell bots for several trading pairs, including ACH/USDC, GMT/USDC, ALGO/USDC, CRV/USDC, and ENA/USDC. However, these bots won't be available for some countries like the US, Canada, the Netherlands, Iran, Syria, and Cuba.
In the world of cryptocurrency, change is constant. Binance has recently initiated its second poll for the month, focusing on cryptocurrencies that could potentially be listed and delisted on the platform. As of now, FTT (FTX's token) leads the poll, with JASMY and ZEC following closely behind. Even though this poll doesn't guarantee the removal of these mentioned projects, it's worth noting that Binance's delistings have previously led to sharp drops in the prices of various cryptocurrencies, such as CREAM, BETA, BAL, and BADGER, which were delisted recently [1][2][3].
So, grab your popcorn and brace yourself for the excitement as Binance kicks things into high gear!
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Sources:[1] Binance Blog Announcement: Transfer of Tokens from Alpha to Spot Accounts — https://www.binance.com/en/blog/article/1396784595603201335
[2] Binance Blog Announcement: Introducing Automatic Buy and Sell Bots for Select Trading Pairs — https://www.binance.com/en/blog/article/1396784446860843538
[3] Binance Blog Announcement: Binance Delist Poll #2 — https://www.binance.com/en/blog/article/1396784702637694977
[4] Binance Exclusive Offer: $600 Bonus Sign-Up Bonus for Our Readers — https://www.binance.com/en-US/register?ref=10243151
Enrichment Insights:
Of the more than a dozen altcoins to be transferred, ONDO, BIGTIME, VIRTUAL, MUBARAK, BANANAS31, TUT, COOKIE, and BROCCOLI are some of the altcoins mentioned in the available information.
Looking for a bonus? Sign up for Binance with this exclusive link to earn a $600 bonus [4].
- The 17 altcoins moving from Binance Alpha to Spot Accounts starting April 22 include popular ones like ONDO, VIRTUAL, BROCCOLI, and MUBARAK, as well as memecoins such as BANANAS31, BROCCOLI, COOKIE, and TUT.
- Once these tokens land in Spot Accounts, they become available for trading, depositing, and withdrawing, but users won't be able to move them back to their Alpha Account after the transition.
- Binance continually updates its platform with the aim of keeping up with the fast-paced crypto market and improving user experiences, with the transition of these tokens to the spot market broadening their accessibility to a wider audience.
- Binance has noted that some tokens may alter their name or unit during this transition, and it has also launched automatic buy and sell bots for several trading pairs, including ACH/USDC, GMT/USDC, ALGO/USDC, CRV/USDC, and ENA/USDC on April 22, although these bots won't be available for certain countries.
