Are you looking to stay ahead in the world of cryptocurrency trading? Look no further than Binance, the leading cryptocurrency exchange known for its innovative offerings and reliable services. Recently, Binance successfully completed the token swap and redenomination of Stratis (STRAX) tokens, bringing exciting opportunities for its users.
At Extreme Investor Network, we are thrilled to share with you the latest updates on Binance’s completion of the Stratis token swap. Deposits and withdrawals for the new STRAX tokens are now open, allowing users to freely manage their holdings. But that’s not all – Binance has introduced a range of services to support the new tokens and enhance the trading experience for its users.
If you’re looking to trade the new STRAX tokens, you can now access spot trading for the STRAX/BTC, STRAX/USDT, and STRAX/TRY trading pairs on Binance. This provides you with the opportunity to take advantage of the new tokens on the spot market and explore new trading possibilities.
In addition to spot trading, Binance Simple Earn now supports STRAX as one of the assets available for passive income generation. Users can subscribe to STRAX Flexible Products and earn rewards, giving them a chance to grow their holdings and maximize their returns.
Margin traders can also benefit from the new STRAX tokens, as Binance has added STRAX as a borrowable asset on Cross and Isolated Margin. The introduction of the STRAX/USDT pair on Cross and Isolated Margin opens up new possibilities for leveraging your holdings and increasing your trading profits.
Furthermore, Binance Loans (Flexible Rate) now supports STRAX as a new borrowable asset, allowing users to utilize their STRAX holdings as collateral to secure instant loans. This feature provides flexibility and convenience for users looking to access liquidity quickly.
It’s important to note that the token swap and redenomination were done at a ratio of 1 old STRAX token to 10 new STRAX tokens. Users can easily view the token distribution history and obtain their assigned new STRAX token deposit addresses through the provided links on the platform.
As deposits and withdrawals of the old STRAX tokens will no longer be supported, we encourage users to transition to the new tokens to ensure seamless trading and access to Binance’s full suite of services. At Extreme Investor Network, we are dedicated to keeping you informed about the latest developments in the cryptocurrency world, so stay tuned for more updates on exciting opportunities in the market.
