Binance, the world’s largest cryptocurrency exchange by daily trading volume, has made new announcements. Binance is adding new trading pairs to improve the user experience across the platform. On the other hand, Simple Earn announced that it supports EOS assets for high APR rewards. Finally, Futures pointed to the updates in leverage and margin tiers. Here are all the details…
New pairs launch on Binance spot trading
Binance is taking action to expand its trading options. The exchange will launch several new spot cryptocurrency pairs tomorrow. In addition, Trading Bots services will be enabled for these pairs at the same time and will support Spot Algo Orders. According to the exchange’s announcement, users will get a chance to start trading these new USDC pairs. Those who start trading will share a prize pool of 100,000 USDC as a reward. They will also benefit from a zero-fee promotion on USDC spot trading. At 11:00 Turkey time, it will open trading on the following pairs:
CHZ/USDC, PYTH/USDC, RSR/USDC, RSR/FDUSD, W/USDC and XTZ/USDC
New APR rate announced for EOS
Binance Simple Earn is introducing a new promotional period and a new altcoin project it supports. The largest cryptocurrency exchange is offering up to 29.9% APR on EOS Locked Products from today, 13:00 BST to January 5, 2025, 14:00 BST. After the promotion ends, the APR will return to standard rates. As a result, the rates and APR rates are as follows:
- 30 days: 6.9% APR
- 60 days: 14.5% APR
- 90 days: 20% APR
- 120 days: 29.9% APR
This promotion is based on the “first come, first served” principle. In addition, the daily reward distribution starts the day after subscription. Meanwhile, users will benefit from this promotion with a minimum transaction of 0.1 EOS. To participate, users need to buy EOS on the Binance Spot Market or through supported payment methods. Then, they just need to search for EOS under the Earn section and subscribe.
Updates to futures pairs
Finally, Binance Futures has updated the leverage and margin tiers for the following USDⓈ-M Perpetual Contracts, effective 11:50 a.m. ET on December 5:
NEARUSDT, AVAXUSDT, PNUTUSDT, XLMUSDT, ACTUSDT, ETHFIUSDT, THEUSDT, ALGOUSDT, BANUSDT, MAVIAUSDT, OMGUSDT, BONDUSDT and ORBSUSDT
According to the exchange announcement, existing positions opened before this update are not affected. Cryptocurrency futures are contracts between two investors who bet on the future price of a cryptocurrency, giving them exposure to cryptocurrencies without buying them. Crypto futures are similar to standard futures contracts in that they allow traders to bet on the price trajectory of an underlying asset.
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