Cryptocurrency Q&A
What happened to Binance Busd?
What happened to Binance Busd?
Bianca
Fri Oct 18 2024
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6 answers
1592
I would like to know what has recently occurred with Binance Busd. Has there been any significant news, updates, or changes related to Binance Busd that I should be aware of?
6 answers
Giulia
Sun Oct 20 2024
Fast-forwarding to a later date, Binance has set October 19, 2023, at 06:00 UTC as the cut-off point for accepting new BUSD collateral. This timeline provides users with ample notice to adjust their portfolios and strategies accordingly.
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EmilyJohnson
Sun Oct 20 2024
Binance, a prominent player in the cryptocurrency space, has outlined a definitive plan for the gradual discontinuation of BUSD support. This strategic move underscores the exchange's commitment to maintaining a robust and agile platform.
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SoulWhisper
Sun Oct 20 2024
As part of the phased withdrawal, Binance has announced that cross-margin BUSD borrowings will be suspended from 06:00 UTC on September 7, 2023. This initial step marks the beginning of the transition process, signaling a shift in the exchange's offerings.
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QuasarStorm
Sat Oct 19 2024
The decision to phase out BUSD support reflects Binance's continuous evaluation of its services and the evolving cryptocurrency landscape. The exchange remains dedicated to offering a secure, reliable, and user-friendly platform for its diverse client base.
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DondaejiDelightfulCharm
Sat Oct 19 2024
Notably, Binance users who rely on BUSD for various transactions can explore alternative options available on the platform. The exchange offers a wide range of digital assets, ensuring that traders can maintain their investment activities seamlessly.
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