Binance, one of the leading cryptocurrency exchanges, has announced the launch of new trading bot services for the IO/USDT trading pair. These new services—Spot Grid, Spot DCA, and Rebalancing Bot—will be available starting June 20, 2024, at 08:00 (UTC).
New Trading Bot Services
The introduction of these trading bots aims to broaden the trading options available on Binance and improve the user trading experience. Access to trading the IO/USDT pair through these bots will depend on the user’s country or region of residence, and users must complete account verification to participate.
Eligibility and Restrictions
Binance has outlined that residents from specific countries and regions will be unable to trade the IO/USDT pair using these new services. The restricted regions include Canada, Cuba, Crimea, Iran, Netherlands, North Korea, Syria, the United States and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government-controlled areas of Ukraine. This list may be updated periodically to reflect changes in legal, regulatory, or other relevant factors.
Regulatory Compliance and Risks
In alignment with the upcoming Markets in Crypto-Assets (MiCA) regulations, certain restrictions on unauthorized stablecoins will apply to users in the European Economic Area (EEA) starting June 30, 2024. Binance advises users to refer to the original English version of the announcement for the most accurate and up-to-date information, particularly where translation discrepancies 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 investment decisions.
Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice.
Source: blockchain.news
