Binance adds Circle-backed USD Coin as quote asset

binance

Binance, the current leading cryptocurrency trading exchange has announced that USD Coin – the stable token backed by Circle – as a quote asset for new trading pairs on its trading platform.

In an official publication, Binance stated that the trading pairs will be:

“BNB/USDC, BTC/USDC, ETH/USDC, XRP/USDC, EOS/USDC and XLM/USDC.”

Earlier this year, the trade exchange changed its Tether Market as the combined USDⓈ market in order to offer more opportunity for stablecoins as a base pair for trading.

Furthermore, Binance is to unlist the USDC/BNB and USDC/BTC trading pairs and replace them, although the trading pairs were only just launched in November.

According to the announcement, the exchange will replace and delist its former USDC/BNB and USDC/BTC trading pairs, which had just been launched mid-November.

Related Articles

US SEC slaps Binance with a 13 charge lawsuit

The United States Securities and Exchange Commission files a lawsuit against leading crypto exchange Binance.

Bitcoin ATMs increase after months of downtrending

After four months of declining figures, the number of Bitcoin ATMs across the world increased significantly in May.

Crypto.com announces license for digital token services

Singapore-based cryptocurrency exchange Crypto.com has been granted the major payment institution (MPI) license.

Bitcoin to the Australian dollar at a massive discount

With the suspension of bank transfer services on Binance Australia, the price of the cryptocurrency has tanked.

See All