Leading cryptocurrency exchange Binance has made several announcements about its upcoming offerings and adjustments to current products. Here are the details…
Binance launches RDNT contract
First, Binance Futures will launch a new perpetual futures contract, USDⓈ-M RDNT, with up to 20x leverage, on April 5, 2023. Users will be able to trade RDNTUSDT contracts across multiple margin assets using the Multi-Asset Mode. cryptocoin.com As we have also reported, RDNT has become one of the latest coins listed by Binance. You can see the details of the RDNT contract in the table below:
The minimum amount of transactions on the Convert platform has been reduced
The minimum trading requirement for all BNB and USDT trading pairs on Binance Convert has also been reduced from $1 to $0.1, benefiting users looking to convert smaller amounts of cryptocurrencies to BNB or USDT. Additionally, RDNT added to Convert allows users to buy and sell it for zero fees with BTC, USDT and other tokens supported by Binance Convert. To get started, users can visit Binance’s website and select “Binance Convert” from the menu.
Futures have new adjustments
Binance Futures will make adjustments to the margin tiers of the USDⓈ-M SXPUSDT perpetual futures contract on April 3, 2023 at 19:30. The limited funding rate multiplier for the contract will be increased from 0.75 to 1. The margin change may directly affect the liquidation price, and users holding existing positions of the USDⓈ-M SXPUSDT perpetual futures contract will be affected. To avoid liquidation, users are advised to add more margin to their USDⓈ-M Futures account or reduce their positions. It is also recommended that they control the margin rate below 80 percent.
Binance terminates ApeNFT airdrop
On the other hand, Binance; TRON (TRX) is wrapping up rounds 18 and 19 of the APENFT (NFT) airdrops for BitTorrent OLD (BTTOLD), BitTorrent (BTTC), JUST (JST) and WINkLink (WIN) holders. Users who meet the eligibility criteria for the airdrop will be able to see the tokens received from the Distribution page in the Transaction History category. According to the latest announcement by the APENFT Foundation, this will be the final airdrop distribution for the APENFT (NFT) airdrop program.
The snapshot of round 18 of the APENFT (NFT) airdrop was taken at block height of 45,833,199 TRON, while the snapshot for round 19 was taken from block height of TRON. 46,695,148. These coincide with the last months of 2022. Now, Binance completes the APENFT (NFT) airdrop program and distributes all NFT tokens to eligible users. Users are advised to check their “Fiat and Spot” wallets to view their NFT token balance and make sure they have not selected the “Hide Small Balances” option.
It’s worth noting that Binance may adjust the properties of its contracts from time to time based on market risk conditions. This may include tick size, maximum leverage, starting margin and/or maintaining margin requirements. Users are advised to be aware of such adjustments and manage their positions accordingly.
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