Binance has announced the listing of four new tokens on its platform and made changes to trading conditions for several contracts.
New Listings on Binance
Binance has listed four new tokens: Mubarak (MUBARAK), CZ’S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) on its spot trading platform. Trading for these tokens will begin on March 28 at 21:00 UTC, with pairs like MUBARAK/USDT, MUBARAK/USDC, BROCCOLI714/USDT, BROCCOLI714/USDC, TUT/USDT, TUT/USDC, BANANAS31/USDT, and BANANAS31/USDC.
Trading Conditions and Updates
Binance has updated trading conditions by adjusting leverage and margin tiers for several USDⓈ-M perpetual contracts. The maximum leverage for the 1000SATSUSDT contract will be reduced from 75x to 10x. These changes will take effect on March 28 at 06:00 UTC. Traders are advised to review their strategies in light of these updates.
Regulation and Safety Measures
Due to high volatility, the new tokens are classified as high-risk assets, requiring users to pass risk-awareness quizzes every 90 days. Additionally, users from certain regions, including Canada, the USA, Iran, and North Korea, will not have access to these tokens. In another development, Binance has banned the market maker associated with the Movement (MOVE) token due to irregular trading activities.
Binance continues to actively develop its products and services by introducing new tokens and adapting its trading conditions to the changing market situation. However, the high risk requires users to carefully assess their investments and trading strategies.
