Binance is implementing changes to its stablecoin offerings as part of its compliance with the new MiCA regulations. As a result, Binance will be delisting several stablecoins, including USDT, TUSD, and DAI, for EEA users (European Economic Area) by March 31, 2025. These changes may impact users trading with Cornix bots.
What Does This Mean for You?
If you are trading with Cornix bots using any of the delisted stablecoins, you will need to take action to ensure that your trading continues smoothly and without interruptions.
Required Actions:
*Note: The following actions are only relevant for DCA, Grid and Trading View Bots. Signals Bots will be explained below.
To avoid any disruptions and ensure that your trades and bots continue functioning as expected, please follow the steps below:
Deactivate Your Bots – Go to the Cornix Dashboard > Choose the relevant bots page and deactivate any bots using non-compliant stablecoins.
Duplicate the Bots – After deactivating the bots, create duplicates of them in order to modify their settings accordingly (step 3)
Set Your Bot's Pair to Supported Stablecoins – Update the trading pairs/ symbols according to the MiCA-compliant stablecoins, such as USDC.
Activate the Bots – Once the pairs/ symbols are updated, reactivate the bots by Clicking 'Create' and choosing 'Create and Activate', to continue trading with the new settings
Step by Step Screenshots:
Step 1 - Deactivate
Step 2 - Duplicate
Step 3 - Set the new Symbol
Step 4 - Save & Activate
For Signal Bots:
We are currently working on a new feature that will allow you to follow signals using any supported pair in your account. This update will be available soon, and we’ll notify you once it’s ready. Stay tuned for more details.
What Happens if You Don’t Take Action?
If no action is taken by the March 27, 2025 deadline, the following may occur:
Trades will be closed automatically with the reason "market not available" due to the delisted stablecoins no longer supported on Binance.
Bots will be automatically deactivated as the supported trading pairs will no longer exist.
For this reason, we highly recommend taking action in advance to avoid any disruptions and ensure smooth trading.
So What’s Next?
Deadline: Make sure to complete these actions before March 31, 2025 to prevent any disruptions to your trading.
Stay Updated: We will keep you informed about further developments, especially regarding the new feature for signal bots. You can always reach out to our support team for any questions.