{"id":47908,"date":"2025-02-26T12:44:38","date_gmt":"2025-02-26T12:44:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47908"},"modified":"2025-02-26T12:44:38","modified_gmt":"2025-02-26T12:44:38","slug":"important-binance-announcement-affecting-ukrainian-users-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47908","title":{"rendered":"Important Binance Announcement Affecting Ukrainian Users: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance will remove the BNB\/UAH and ETH\/UAH trading pairs, limiting direct access for Ukrainian traders to these cryptocurrencies.<\/p>\n

Meanwhile, the prices of Binance Coin (BNB) and Ethereum (ETH) remain stable today amid the market\u2019s rebound.<\/p>\n

<\/a><\/span><\/h2>\n

The Upcoming Amendment<\/h2>\n

The world\u2019s largest crypto exchange regularly monitors its services \u201cto protect users and maintain a high-quality trading market.\u201d It conducts periodic reviews of all listed trading pairs and terminates some of them due to numerous factors, such as poor liquidity.<\/span><\/p>\n

Binance recently <\/span>announced<\/span><\/a> that BNB\/UAH and ETH\/UAH will become unavailable <\/span>from<\/span> February 28. \u201cUsers are strongly advised to update and\/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses<\/span>,\u201d the company warned.<\/span><\/p>\n

UAH is the abbreviation of the Ukrainian hryvnia, the official currency of the war-torn country. The removal of the aforementioned pairs will impact local users by limiting direct trading between Binance Coin (BNB), Ethereum (ETH), and the fiat currency.\u00a0<\/span><\/p>\n

Ukrainian traders <\/span>will need to<\/span> adjust their strategies, possibly involving additional conversion steps, which could lead to increased trading fees and exposure to market fluctuations.<\/span><\/p>\n

Withdrawing support from a major exchange like Binance might also negatively affect the involved cryptocurrencies due to reduced liquidity and reputational damage. However, both ETH and BNB are in the green today (February 26), following the slight <\/span>rebound<\/span><\/a> of the crypto market.<\/span><\/p>\n

It is worth mentioning that drastic price drops usually occur when Binance terminates all services with a <\/span>certain<\/span> digital asset. Such was the case last year when the exchange <\/span>delisted<\/span><\/a> Monero (XMR), Aragon (ANT), Multichain (MULTI), and Vai (VAI)<\/span>. The<\/span> price of the popular privacy coin plummeted by 35% shortly after the disclosure.\u00a0<\/span><\/p>\n

The Reverse Effort<\/span><\/h2>\n

Contrary to the delisting effort, the company <\/span>added<\/span><\/a> Sonic (S) and Test (TEST) as new loanable assets. The former was included in the Binance Loans section, while the latter <\/span>was placed<\/span> into the VIP Loan program.\u00a0<\/span><\/p>\n

The prices of the involved cryptocurrencies reacted positively to the announcement. S is up 5% <\/span>for the day<\/span>, whereas TEST has soared by 10%.\u00a0<\/span><\/p>\n

As mentioned above, though, the solid performance could also be linked to the overall resurgence of <\/span>the cryptocurrency market<\/span> following the crash<\/a> witnessed <\/span>on February 25<\/span>.\u00a0<\/span><\/p>\n

The post Important Binance Announcement Affecting Ukrainian Users: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance will remove the BNB\/UAH and ETH\/UAH trading pairs, limiting direct access for Ukrainian traders to these cryptocurrencies. Meanwhile, the prices of Binance Coin (BNB) and Ethereum (ETH) remain stable today amid the market\u2019s rebound. The Upcoming Amendment The world\u2019s largest crypto exchange regularly monitors its services \u201cto protect users and maintain a high-quality […]<\/p>\n","protected":false},"author":0,"featured_media":47909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47908"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47908"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47909"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}