Tag: Alcx

Binance to Remove ALCX, FOR, LOOM, NMR, PEOPLE, PUNDIX, SPELL, STORJ from BUSD Trading Pairs on August 25, 2023

by Blockchain News

On 2023-08-23, Binance, one of the leading cryptocurrency exchanges, made an official announcement regarding the removal of specific spot trading pairs. Effective from 2023-08-25 at 03:00 (UTC), the following spot pairs will no longer be available for trading on the platform: ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, and STORJ/BUSD.

However, Binance has clarified that users can continue to trade these assets using other available trading pairs on their platform.

In addition to the removal of these spot pairs, Binance will also discontinue the Trading Bots services for these pairs. The termination will take effect at the same time as the removal of the spot pairs, i.e., 2023-08-25 at 03:00 (UTC). Binance has strongly advised its users to either update or cancel their Trading Bots associated with these pairs to prevent any potential losses.

For any discrepancies between translated versions of this announcement and the original English version, Binance has stated that the English version will take precedence.

The Binance Team expressed gratitude to its users for their continued support.

Recent Binance Removals

SOLBUSD Perpetual Contract Adjustments (August 21, 2023): Binance Futures announced the delisting of the USDⓈ-M SOLBUSD Perpetual Contract, effective from August 28, 2023, at 09:00 (UTC). Prior to this, leverage and margin tiers were adjusted on August 21, 2023, at 12:30 (UTC).

LTCBUSD and DOGEBUSD Perpetual Contracts Adjustments (August 17, 2023): Binance Futures revealed changes to the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. All positions on these contracts were set to be closed by August 24, 2023, at 09:00 (UTC), followed by delisting. Leverage and margin tiers for both contracts were adjusted on August 17, 2023, at 12:30 (UTC).

Spot Trading Pairs Removal (August 16, 2023): Binance discontinued several spot trading pairs, effective from August 18, 2023, at 03:00 (UTC). Affected pairs included CKB/BUSD, FARM/BUSD, ORN/BUSD, and others.

Margin Pairs Delisting (August 16, 2023): Binance Margin announced the delisting of several cross margin and isolated margin pairs, including EPX/BUSD, GAL/BUSD, and GMX/BUSD, effective from August 24, 2023, at 06:00 (UTC).

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Altcoin Project Built on Ethereum Jumps After Earning Support From Crypto Exchange Binance

by Dailyhodl

A decentralized finance (DeFi) protocol built on Ethereum is getting a boost from the world’s largest crypto exchange by trading volume.

In a new announcement, Binance reveals it is introducing Alchemix (ALCX) for trading on the popular platform.

“Fellow Binancians,

Binance will list Alchemix (ALCX) and will open trading for ALCX/BTC, ALCX/BUSD, and ALCX/USDT trading pairs at 2021-11-30 06:00 (UTC).”

ALCX token is the native governance and staking token of the Alchemix protocol. Alchemix is an automated yield farming, lending, borrowing, and staking protocol that uses tokenized yield funds to repay debts. Users can open collateral-backed loans that are paid off automatically using the yield generated by the collateral.

The Alchemix protocol runs on the Ethereum blockchain and currently utilizes SushiSwap (SUSHI), Curve Finance (CRV), and Yearn.Finance (YFI). ALCX can be staked and earned in liquidity pools. ALCX also gives holders a vote in Alchemix decentralized autonomous organization (DAO) governance.

Alchemix Finance shared news of the Binance listing on Twitter with its 52,000 followers.

The Binance announcement sent ALCX soaring to a 24-hour high of $444.08 after starting the day near $376, an approximately 18% increase. ALCX has since corrected and is currently trading at $387.66, a 3.27% increase over the last day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Coinbase Launching Five Ethereum-Based Altcoins Across Entire Crypto Trading Ecosystem

by Dailyhodl

US-based digital asset exchange Coinbase is expanding support for five Ethereum-based altcoins across its entire trading ecosystem.

In a new blog post, Coinbase announces that Alchemix (ALCX), the governance token for collateral-backed loan platform Alchemix Finance, can now be purchased on Coinbase.com and on the exchange’s mobile apps.

ALCX is trading at $441.61 at time of writing, down 3.18% on the day.

ENS is a governance token for Ethereum Name Service, which allows people to mint non-fungible tokens (NFTs) that can be linked to Ethereum addresses and web domains.

Currently, ENS is trading for $48.82. It’s down 8.71% on the day and over 50% from the all-time high of $88.64 it reached last week after being listed on Binance.

Additionally, Coinbase is expanding support for GALA, the native token of player-controlled blockchain gaming platform Gala Games. The altcoin surged over 100% from a low of $0.089 on November 15th to its current trading price of $0.20.

GYEN is an Ethereum-powered stablecoin pegged to the Japanese yen. Though GYEN is designed to stay pegged to the Japanese yen, it managed to rally a whopping 470% to $0.05 following the listing on Coinbase.

Lastly, peer-to-peer energy trading venture Power Ledger’s native token POWR is now live across all of Coinbase’s trading platforms. At time of writing, the altcoin is down 2.07% to $0.70.

Coinbase Pro listed all of the tokens except GYEN, along with mStable USD (MUSD) stablecoin, earlier this week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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