Binance Integrates ZKsync (ZK) for Zero-Fee Trading Amid Margin Delisting Updates

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Binance, the global crypto exchange giant, has introduced new opportunities and announced a delisting that could impact some users.
The latest integrations and changes herald significant shifts for many traders on the platform.
“Our goal is to continually enhance user experience and trading efficiency,” said a spokesperson from Binance.

Discover the latest updates from Binance, including new token integrations and critical changes to trading pairs.

ZKsync Reaches Binance Platforms

Binance has announced the addition of ZKsync (ZK) to Binance Convert and the “Buy Crypto” platforms. Users can now exchange ZK with BTC, USDT, and other tokens supported by Binance Convert without any fees. This move greatly simplifies the process for traders who wish to diversify their portfolios with ZKsync. Additionally, ZK can be purchased directly using credit/debit cards, Google Pay, Apple Pay, or through existing wallet balances on the “Buy Crypto” page. This integration is a significant step towards providing users with seamless access to ZKsync.

End of LINA/BTC Margin Trading

Unfortunately, Binance also announced the suspension of LINA/BTC margin trading pairs. Starting from June 19, 2024, at 09:00 AM UTC, both Cross Margin and Isolated Margin trading for the LINA/BTC pair will be halted. Furthermore, isolated margin borrowing for this pair will cease on June 18, 2024, at 01:00 PM UTC. Users need to close their positions before the specified time to avoid automatic settlements and cancellations of pending orders. Binance emphasized that while LINA token can still be traded through other pairs, it is crucial for users to manage their positions and transfer assets from the Margin wallet to the Spot wallet beforehand.

New Trading Pairs on Binance Margin

Continuing its efforts to enhance user trading experiences, Binance has added new trading pairs to its Margin platform, encompassing both FDUSD, USDC, and USDT. These new pairs are available for both Cross Margin and Isolated Margin trading. The newly introduced pairs include:

Cross Margin

1000SATS/FDUSD
BB/FDUSD
BONK/FDUSD
ETHFI/USDC
FIRO/USDT
FLOKI/FDUSD
NOT/FDUSD
PEOPLE/FDUSD
W/FDUSD
WIF/FDUSD
ZK/FDUSD

Isolated Margin

1000SATS/FDUSD
BB/FDUSD
BONK/FDUSD
ETHFI/USDC
FLOKI/FDUSD
NOT/FDUSD
PEOPLE/FDUSD
W/FDUSD
WIF/FDUSD
ZK/USDT

Conclusion

Binance continues to captivate the crypto community with its latest announcements, from introducing ZKsync to winding down LINA/BTC margin trading. While these changes might create new opportunities for some, others need to act promptly to mitigate potential losses. Staying updated and managing positions effectively is advised to make the most out of the new trading pairs and avoid the pitfalls of delistings.