Binance, the world’s leading cryptocurrency exchange, recently announced a series of updates and features designed to meet various user needs and interests. Cryptocurrencies such as PEPE coin are also included in the announcements. Now let’s look at the details of these announcements…
New “dual investment” products introduced
Binance has launched a new suite of Binary Trading products that offer users the chance to “Sell High” or “Buy Low” on popular cryptocurrencies without paying any fees. This subscription-based service allows users to lock in a specific price for a future date, potentially profiting from market fluctuations. Here’s a breakdown of the available options, which include BTC, ETH, BNB, SOL, XRP, and 13 different tokens:
- High Sell: Ideal for users who want to maximize the return on their existing crypto assets or sell their crypto at a price higher than the current market value on the selected settlement date.
- Buy Low: This option appeals to users who want to accumulate crypto at a potentially lower price compared to the current market value by setting a target price for the future.
Perpetual futures contract for PEPE coin and MYRO
Binance is expanding its rolling futures offerings by introducing new trading pairs for Pepe (PEPE) and Myro (MYRO). These contracts allow users to benefit up to 50x on their positions, potentially increasing both profits and losses. The MYROUSDT contract will begin trading on March 5, while the 1000PEPEUSDC contract will begin trading on March 7. As a result of the announcement, PEPE rose by 15 percent and MYRO by 55 percent.
New contracts in Binance Copy Trading
Binance Copy Trading, a feature that allows users to automatically copy the trading strategies of experienced traders, is adding several new USDⓈ-M perpetual contracts. These contracts offer users access to various cryptocurrencies with the advantage of leverage and margin trading. The new contracts include:
- 1000RATSUSDT
- ACEUSDT
- AIUSDT
- ALTUSDT
- JTOUSDT
- MANTAUSDT
- NFPUSDT
- PYTHUSDT
- XAIUSDT
DODO competition on Binance Web3 wallet
Binance is hosting a trading contest for DODO tokens on its Web3 Wallet. Users can participate by completing various tasks, such as trading DODO tokens and reaching certain trading volumes on DODOX, a decentralized exchange. The competition offers a total prize pool of $81,000 in DODO tokens, distributed among participants based on completed tasks.
Conclusion: Binance impact for PEPE coin, MYRO and more
These developments underscore Binance’s commitment to providing a comprehensive and user-friendly platform for cryptocurrency enthusiasts of all levels. New Binary Trading products offer a unique way to manage crypto assets and potentially profit from market movements.
On the other hand, the addition of new perpetual futures contracts and the expansion of Copy Trading appeal to users with different trading styles and risk appetites. Finally, the DODO trading contest on Binance Web3 Wallet offers users the opportunity to win prizes while exploring the functions of the Web3 Wallet.
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