JASMY/TRY | Binance Focuses on Turkish Pair Amid Regulatory Shifts

A noteworthy situation is unfolding in the crypto landscape as Binance only lists the JASMY/TRY pair, with users asking about the outlook for JASMY following recent changes in US regulations. The apparent lack of a USDC pair has sparked concerns and discussions among traders.

With European and U.S. regulations blocking certain stablecoin pairs like USDT, traders are now required to convert their holdings to USDC. However, the absence of a JASMY/USDC pair on Binance raises eyebrows. “The only option is JASMY/TRY, which has seen a significant decline against the USD over three years,” said a concerned user.

The stakes have been raised further with Binance's recent poll regarding potential delistings, where JASMY was mentioned. Some commenters caution it could lead to market manipulation. "Binance is a massive money laundering service it’s blatant manipulation," stated a participant, highlighting distrust in the platform.

Many users suggest turning to other exchanges. One noted that JASMY remains available on other platforms, including Coinbase, which offers the USDC pair. "Unless there’s a reason not to, Coinbase it is," one user remarked.

"They already had the poll and Jasmy wasn’t delisted," a forum user noted, bringing some relief to JASMY supporters.

Key Insights

• 🔒 The only trading option for JASMY on Binance is JASMY/TRY.

• 📉 The TRY has depreciated against the USD significantly over the last three years.

• 🔍 Concerns about Binance's potential market manipulation are rising among users.

• 🏦 Alternative exchanges, including Coinbase, still list JASMY with stablecoin pairings.

As the situation develops, traders will be closely monitoring Binance's actions and the overall impact on JASMY's price trajectory. Investors are left wondering—what’s next for JASMY amid regulatory pressures?