Binance Makes Bold Move into Mexican Crypto Market

• Binance expands crypto trading options, adding major pairs like BTC/MXN and XRP/MXN.
• The move targets growing crypto demand in Mexico, with market revenue projected to top $1.4 billion in 2024.
• Trading begins May 29, but restrictions apply in certain regions, including the U.S. and Canada.

Binance, the world’s leading cryptocurrency exchange, is significantly expanding its trading services. Binance Spot, the platform’s core trading hub, will introduce new trading pairs for major cryptocurrencies, including Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO).

In an official announcement on May 28, 2024, Binance detailed that trading for the BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC pairs will begin on May 29. This expansion also includes the availability of trading bots services for these tokens, effective May 29, 15:00 (UTC). Binance’s strategic decision aims to “expand the list of trading choices offered on Binance Spot and improve users’ trading experience.”

Notably, the addition of Mexican Peso (MXN) pairs reflects Binance’s recognition of the burgeoning demand for cryptocurrency in the region. A recent research article indicates that Mex…

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