Binance announces USDT/COP spot trading pair, opening on June 6th

IconCryptoNewsTerminal Staff30 May, 2024

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Binance announces USDT/COP spot trading pair, opening on June 6th

Binance has announced on its website that it will open the USDT/COP spot trading pair on June 6th, at 00:00 a.m. (KST). This new trading pair will allow users to trade the Colombian peso (COP) against the Tether (USDT) stablecoin. The addition of the USDT/COP trading pair is part of Binance's ongoing expansion into the Latin American market. Binance has already launched operations in Brazil and Argentina, and it is planning to launch operations in other countries in the region in the future. The USDT/COP trading pair is expected to be popular with Colombian traders, as it will allow them to trade their local currency against a stablecoin that is pegged to the US dollar. This will help to reduce the volatility of their trades and protect them from devaluation of the COP.

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