VALR, a leading cryptocurrency exchange headquartered in South Africa, has announced that it has added their first ZAR trading pair of 2022 – BNB/ZAR, and that trading launches on Monday, 7 March at 10:15am.
BNB/ZAR trading is to roll-out over four stages:
Stage 1: Deposit BNB and ZAR. This stage is already open. BNB deposits via the BNB Smart Chain (BEP20) are now live on VALR. VALR customers can fund their accounts with BNB and ZAR.
Stage 2: Post-only. This stage commences on Monday, 7 March at 10:15am where customers will be able to post buy-orders and sell-orders via the Exchange Buy/Sell screen. However no matching of trades will be allowed, thus giving the order book time to fill up with the needed liquidity from traders. This stage will last at minimum 10 minutes.
Stage 3: Limit only. During this stage customers may place limit orders via the Exchange Buy/Sell screen. The Market orders and Simple Buy/Sell orders will not yet be enabled at this stage. Additionally, orders will be allowed to match, and this stage will last at least 1 hour.
Stage 4: Full trading. Finally, all trades, including market orders and Simple Buy/Sell orders will be allowed.
VALR adds that it may keep any particular stage open as long as needed to ensure a healthy market dynamic.
About Binance Coin (BNB)
Binance Coin (BNB) is a cryptocurrency developed by Binance, a leading international cryptocurrency exchange. It is the native token of Binance Smart Chain and Binance Chain. Binance Coin was first minted on Ethereum in July 2017. Ultimately, the value in this utility token is in allowing holders to pay discounted fees for trading on Binance’s exchange.
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