Giant crypto exchange Binancemade an important announcement that may concern XRP, SHIB and ADA holders. In a new announcement, it was announced that Binance will be performing a scheduled system maintenance on February 23 at 5:00 UTC. This update aims to improve overall system performance and stability. Additionally, it was stated that this process would take approximately one hour.
Binance stated that the creation of new plans for Auto-Trading will not be affected during this period. However, he stated that cryptocurrency purchases planned through existing Automatic Investment plans may be postponed during system maintenance and these purchases will be made automatically when the maintenance is completed.
Binance’s Automatic Investment feature allows users to cryptocurrency allowing them to automate their investments and expand their crypto holdings. This announcement allows Binance users to stay informed about the updates and adjust their trading plans accordingly.
Users can choose the cryptocurrencies they want to purchase on a daily, weekly, bi-weekly or monthly basis. Auto-Invest, a dollar-cost averaging (DCA) investment technique, XRPIt supports more than 200 cryptocurrency assets, including SHIB and ADA.
Derivative Speculation Increases as Currency Enters the Crypto Market
According to Santiment, there is a significant increase in investments in the crypto market and this is not a surprise. According to the latest CoinShares report, digital asset investment products received a record total inflow of $2.45 billion last week. It was noteworthy that Bitcoin had a share of over 99% of the inflows in this increase. Additionally, XRP also rose with these positive sentiments.
With the influx of new money into the crypto ecosystem, there is a significant increase in derivative markets. In this context, crypto market capitalization has risen remarkably over the last four months. For example, Bitcoin’s open interest exceeded $10 billion for the first time since July 2022. This shows that investors’ excitement is still alive and strong. According to CoinGecko data, at the time of writing this news, XRP is trading at $0.56 and SHIB is trading at $0.00000978. Additionally, ADA is traded at $0.621.
