From 4 00:00:00 AM (UTC) to 3 23:59:59 (UTC), the trading fee discount will remain at 25%, instead of the previous planned decrease to 12.5% * We have retained the 25% trading fee discount for traders using BNB for at least one more year. To learn how to get started with margin trading on Binance, please refer to this guide from Binance Academy: Binance Margin Trading Guide. Margin trading allows traders to borrow funds to increase leverage, providing higher profit potential than traditional trading. * Binance is pleased to announce the launch of its Margin Trading platform, now available for all eligible users on. * As of July 15, Binance has 160 cryptocurrencies available for trading on Binance, with 523 total trading pairs, after the addition of 5 new tokens and 31 new trading pairs. * Meanwhile, Binance opened the following additional trading pairs: GTO/USDT, GTO/PAX, GTO/TUSD, GTO/USDC, USDSB/USDT, USDSB/USDS, BCPT/PAX, BCPT/TUSD, and BCPT/USDC. * Binance also listed Fantom (FTM) and opened trading for FTM/BNB, FTM/BTC, FTM/USDT, FTM/TUSD, FTM/USDC and FTM/PAX trading pairs. * In addition, Binance listed Algorand (ALGO) and opened trading for ALGO/BNB, ALGO/BTC, ALGO/USDT, ALGO/TUSD, ALGO/PAX, and ALGO/USDC trading pairs. Read more details about BTCB on this blog and on the official proposal on the Binance DEX forum. BTCB is a Bitcoin-pegged token that Binance launched on BNB Chain. * Binance also listed Bitcoin BEP2 (BTCB) and opened the BTCB/BTC trading pair. * In addition, Binance listed Elrond (ERD), the latest token launched on Binance Launchpad, and opened trading for ERD/BNB, ERD/BTC, ERD/USDT, ERD/PAX and ERD/USDC. * Binance listed Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX and DOGE/USDC trading pairs. Read below for the rest of the Binance Review, where we look back on more news and updates across the Binance ecosystem. In Month 24, we also added new listings, published research reports, held meetups globally, and more. No matter what month or year we are in, we will continue to do right with our community.įor more information about how Binance’s second year went, read this: Binance Year 2 Highlights: Evolution in Progress Ĭommunity is what drove the growth of Binance, from the different divisions to, most recently, the community-led decentralized movement at BNB Chain and Binance DEX. Read the latest updates on the world of possibilities for using BNB in this blog. This translates to a 45% growth in use cases in just a month, up from 83 in late May. Speaking of BNB, the native token of the Binance ecosystem reached 120 use cases as of late June. I do personally believe that it’s a positive decision for BNB and BNB holders.” We want to increase the utility of BNB, have more people to use it, instead of just increasing revenue for. “With everything considered, we want to give back to the community,” CZ said. In addition, CZ informed the Binance community that the 25% discount for using BNB to trade on will continue for another year, instead of going down to 12.5%. To further understand the significance of this decision, read his statement here. This time, he revealed that the Binance team has committed to give up all of their BNB allocations and contribute them towards the burn. But this announcement is particularly different. During a presentation at the Asia Blockchain Summit in Taipei, he announced Binance’s plans to offer futures contracts, providing another major development for the exchange.ĬZ also informed the public about the 8th scheduled coin burn for BNB. Speaking of CZ, he was very vocal during Month 24, revealing to the public the direction that Binance is moving towards. “This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof,” said CEO of Binance, CZ (Changpeng Zhao). Two years after, we are looking at the Binance blockchain universe, powered by an ever-expanding community and the growing abilities of the different Binance divisions.Īnd as the recently concluded month shows, the universe continues to grow.Īfter much anticipation, Binance formally launched its Margin Trading platform, allowing millions of Binancians to open both long and short positions on crypto trading. It all started with a cryptocurrency exchange that has set out to keep trades fast and safe. On Binance’s Month 24 (June 15 to July 15, 2019), we ended Year 2 with several major developments, from the launch of margin trading to the significant changes across fundamental BNB uses such as discounts and coin burns.
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