Binance Introduces New Trading Bots for IO/USDT Pair - Blockchain.News

Binance Introduces New Trading Bots for IO/USDT Pair

Lawrence Jengar Jun 19, 2024 03:34

Binance announces the launch of Spot Grid, Spot DCA, and Rebalancing Bot services for the IO/USDT trading pair, effective June 20, 2024.

Binance Introduces New Trading Bots for IO/USDT Pair

Binance, one of the leading cryptocurrency exchanges, has announced the launch of new trading bots services for the IO/USDT trading pair. The new services, which include Spot Grid, Spot DCA, and Rebalancing Bot, will be available from June 20, 2024, at 08:00 (UTC), according to Binance.

New Trading Bots Services

The introduction of these new trading bots aims to expand the list of trading choices available on Binance and enhance the trading experience for its users. Trading of the IO/USDT pair via these bots is subject to the eligibility based on the user's country or region of residence. Users are required to complete account verification to participate in the trading of these new pairs.

Eligibility and Restrictions

Binance has specified that residents from certain countries and regions will not be able to trade the IO/USDT pair using these new services. The restricted regions include Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine. This list may be updated periodically to reflect changes in legal, regulatory, or other relevant factors.

Regulatory Compliance and Risks

In compliance with the upcoming Markets in Crypto-Assets (MiCA) regulations, unauthorized stablecoins will face certain restrictions for users in the European Economic Area (EEA) starting from June 30, 2024. Binance has advised users to refer to the original English version of the announcement for the most accurate and up-to-date information, especially where discrepancies in translations might occur.

Binance also issued a disclaimer about the high market risk and price volatility associated with digital assets. The exchange emphasized that users should carefully consider their investment experience, financial situation, and risk tolerance before engaging in trading activities. Past performance is not a reliable indicator of future results, and users are solely responsible for their investment decisions.

Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice.

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