The introduction of Toncoin to Binance’s platform comes with a strategic emphasis on liquidity and market access. The four trading pairs will let users trade Toncoin against BTC, USDT, FDUSD, and TRY. This diverse set of pairs ensures that traders can easily exchange Toncoin for major cryptocurrencies, stablecoins, and fiat currencies. It caters to a wide range of trading preferences and strategies.
In preparation for the launch, users are now able to deposit Toncoin into their Binance accounts. Deposits will be open from the announcement time, enabling traders to position themselves for upcoming trading opportunities. However, withdrawals for Toncoin will not be available immediately. They will open on August 9, 2024, at 10:00 UTC, giving users a brief window to prepare for trading but ensuring a secure transition.
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