Binance, the world’s largest cryptocurrency exchange, announced two exciting innovations on March 7. The first of these is Futures NEXT, its new platform that distributes rewards based on predictions. The second is a zero commission promotion for JPY spot trading pairs.
‘Predict and win’ with Futures NEXT
Launched as the pioneer of Binance Futures, Futures NEXT offers users a new experience on its platform. Because, one can win prizes by guessing which token will be listed next on Binance Futures. Potential listing candidates are also displayed with NEXT Pool. NEXT Pool, as part of the Futures NEXT platform, allows users to view the ranking of tokens nominated for potential listing.
Users can nominate new candidate tokens for listing with an investment of $2,000. Additionally, rewards can be earned if the preferred token is selected for 1 USDT. Rewards will be redeemable for discounts on trading fees or distributed as bonuses for futures trading. It offers users peace of mind if a token is not listed or the user changes their mind. Because, after the 3-day lock-in period, Picks will be withdrawn.
Binance launches promotion for JPY pairs
Binance made an important announcement regarding the addition of new trading pairs in Japanese yen (JPY). Starting at 11:00 UTC on March 12, 2024, users will have the opportunity to buy and sell popular cryptocurrencies such as BNB/JPY, BTC/JPY, and ETH/JPY directly on the Binance Spot platform. This strategic move by Binance aims to meet the evolving needs of its user base by providing them with a wider range of trading options, especially in the Japanese yen, one of the largest fiat currencies in the world.
cryptokoin.com With this move, which we reported as Binance, it strengthens its position. Because it is preparing to further strengthen its position as the preferred option of cryptocurrency investors around the world. It offers trading volume on all existing and new JPY spot trading pairs during the promotion period. Additionally, this is excluded from the VIP tier volume calculation and any Liquidity Provider programs, if any.
BNB discounts, referral discounts and other adjustments will not apply to any JPY spot trading pair during the promotion period. With the launch of the zero-fee trading promotion, Binance has outlined certain terms and conditions that participants must comply with. Specifically, the promotion excludes trading volume from the VIP tier volume calculation. Additionally, it is postponing BNB discounts during the promotional period. Moreover, it is suspending various benefits such as referral discounts and other adjustments.
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