News
Binance Introduces New Trading Bots for the IO/USDT Pair
Binance, a leading cryptocurrency exchange, announced the launch of new trading bot services for the IO/USDT trading pair. The new services, which include Spot Grid, Spot DCA and Rebalancing Bot, will be available from June 20, 2024 at 08:00 (UTC), according to Binance.
New trading bot services
The introduction of these new trading bots aims to expand the list of trading choices available on Binance and improve the trading experience for its users. Trading the IO/USDT pair via these bots is subject to eligibility based on the user’s country or region of residence. Users are required to complete account verification to participate in trading these new pairs.
Eligibility and Restrictions
Binance has specified that residents of certain countries and regions will not be able to trade the IO/USDT pair using these new services. Restricted regions include Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, US Virgin Islands), and any region not areas controlled by the government of Ukraine. This list may be updated periodically to reflect changes in legal, regulatory or other relevant factors.
Regulatory compliance and risks
In accordance with the upcoming Markets in Crypto-Assets (MiCA) regulations, unauthorized stablecoins will be subject to some restrictions for users in the European Economic Area (EEA) starting June 30, 2024. Binance advised users to refer to the original English version of the announcement for the most accurate and up-to-date information, especially where discrepancies in translations may occur.
Binance also issued a disclaimer regarding the high market risk and price volatility associated with digital assets. The exchange emphasized that users should carefully consider their investment experience, financial situation and risk tolerance before engaging in trading activities. Past performance is not a reliable indicator of future results and users are solely responsible for their own investment decisions.
Binance reserves the right to modify or cancel this announcement at any time and for any reason without notice.
Image source: Shutterstock