As a seasoned researcher who has closely followed the crypto market for several years, I find Binance’s recent moves to be quite intriguing. The expansion of their monthly options and addition of new trading pairs to the margin program is a testament to the platform’s commitment to providing diverse trading choices and fostering user flexibility.
TL;DR
- Binance introduced more monthly options along with new trading pairs for margin trading.
- It recently launched an official WhatsApp channel for updates while warning users about potential scams.
Expanding the List of Offerings
Beginning November 26, the world’s largest cryptocurrency exchange plans to introduce SOL/USDT and BNB/USDT monthly options. These European-style contracts allow traders to predict the future value of selected digital assets against Tether (USDT) with a set expiration date each month.
Additional backing from a prominent exchange such as Binance tends to boost the prices of associated cryptocurrencies. In the past day, Solana (SOL) and Binance Coin (BNB) both experienced modest increases, but subsequently retreated along with the overall market.
In addition to presenting the previously mentioned choices, the trading platform also introduced fresh trading pairs for its margin system. These were added to both the cross-margin and isolated margin segments. Specifically, the new pairs are CATI/USDC, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, and TAO/USDC.
According to a statement from Binance Margin, they aim to improve users’ trading journey by frequently assessing and increasing the variety of trade options available, thereby enabling a wider range of investment possibilities and adaptability in trading tactics.
Binance Stretches to WhatsApp
The company’s news flow is quite regular, and it isn’t solely about listing or delisting endeavors.
A week ago, Binance started an official WhatsApp channel as a step towards making crypto more accessible. This platform will provide users with the latest news, updates on products, announcements for events, and educational resources about blockchain technology, cryptocurrencies, and Web3.
“For your security, please note that this is Binance’s only official channel on WhatsApp. We encourage users to follow only the official Binance channels to avoid unauthorized sources or potential scams. Our Telegram and Discord channels will remain available, providing multiple options for staying connected with Binance,” the firm added.
In the mix of opinions about the project, Richard Teng, the CEO of the exchange, shared his thoughts. He emphasized that the WhatsApp platform would enable users to receive credible news, alerts, and updates directly from them. However, he also cautioned clients to be vigilant against potential scams.
“Remember, Binance will never add you to groups or ask for your account details via messages.”
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2024-11-25 18:50