Binance, the world’s largest cryptocurrency exchange by daily trading volume, shared new announcements on the last trading day of the week. Binance’s announcements cover eight major altcoin projects. The exchange has opened spot grid trading services for several new trading pairs, including ARB/BTC, ARB/USDT, ARB/TUSD, ID/BTC, ID/BNB, ID/USDT, and ID/TUSD. Additionally, Binance Simple Earn has launched BICO and IDEX in its “locked goods” service, while Binance VIP Loan has added LDO, STX, COCOS and HIGH as new loanable assets. Here are the details…
Binance has added these altcoins to its spot grid service
cryptocoin.com As we have also reported, Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a series of new services for its users. First, Binance has launched spot grid trading services for seven new trading pairs, including ARB/BTC, ARB/USDT, ARB/TUSD, ID/BTC, ID/BNB, ID/USDT, and ID/TUSD. This move will allow traders to use grid trading strategies for these pairs, giving them more control over their trading and potentially increasing their profitability.
Two altcoins hit the market on Simple Earn
Binance Simple Earn has launched two new unlocked products, BICO and IDEX, that will allow users to earn rewards for completing their subscription. As Binance always explains on its Simple Earn service, subscriptions will be available on a “first come, first served” basis. In terms of rewards, BICO will be distributed daily while IDEX will only be distributed once. Users who complete their subscription to BICO locked products will receive rewards as BICO tokens, while those who complete their subscription to IDEX locked products will receive rewards as USDC tokens.
The reward calculation period will begin the night of the day users subscribe to Locked Products and will end at the end of the subscription period. Details on the awards are also available in the table below:
Added four altcoins to VIP Loan
Finally, Binance VIP Loan, a major loan service, has added four new loanable assets: LDO, STX, COCOS and HIGH. The service offers competitive rates, terms and services that allow users to unlock greater potential with objectives such as greater liquidity, leveraged trading and hedging strategies for long-term mutual funds. Adding new loanable assets can give users more options when it comes to securing collateralized loans and expanding their trading capabilities.
Overall, these new services from Binance aim to expand the options available to traders and investors on the platform. With the introduction of spot grid trading services, users can take advantage of new trading strategies, while the addition of new unlocked items and loanable assets provides more opportunities in terms of rewards and access to finance.
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