A significant update has taken place in the world of cryptocurrency as Binance successfully wraps up the Stratis token transition. The exchange has completed the swap of Stratis (STRAX) tokens, leading the way for users to make deposits and withdrawals with the new STRAX tokens.

Introduction of New Trading and Earning Opportunities

Binance has announced the availability of spot trading pairs such as STRAX/BTC, STRAX/USDT, and STRAX/TRY starting from 11:00 AM local time in Turkey. Alongside trading, Binance has included STRAX in its Simple Earn program, giving users the chance to subscribe to STRAX Flexible Products for potential earnings.

Improved Financial Flexibility

Moreover, Binance has expanded the utility of STRAX by allowing it as a new asset for borrowing in Cross and Isolated Margin, with the STRAX/USDT pair included from 4:00 PM local time. Additionally, starting March 29, 2024, at 11:00 AM Turkey time, Strax will be a new asset for Binance Loans under the Flexible Rate option.

After the token swap, a revaluation ratio has been set at 1 old STRAX being exchanged for 10 new STRAX. Consequently, support for old STRAX tokens’ deposit and withdrawal services has been stopped by Binance. The Strax price has been affected by this revaluation and currently stands at $0.16.

Investors and Binance platform users now have access to the updated STRAX tokens, taking advantage of the new financial instruments and trading opportunities resulting from the digital asset’s revaluation and increased platform integration.

This article was originally posted on BH NEWS.