Binance has announced a number of exciting developments in the cryptocurrency world. Among the innovations was the integration of the popular cryptocurrency PIXEL coin into various platforms of Binance. These developments expand users’ options for trading the coin and increase the accessibility of this digital asset.
First of all, subscription to PIXEL Flexible Products is available through Binance Simple Earn. This will allow users to potentially earn passive income from their coin investments. Altcoin will also be supported on the Binance Auto-Invest platform, starting from 21.02.2024, at 03:00 Turkey time. In this way, users will have the opportunity to purchase PIXEL using supported payment options.
Additionally, PIXEL is now tradable with zero fees against BTC, USDT, and other supported tokens via Binance Convert. This means users can manage their positions easily and cost-free.
What is Pixels Coin to be Listed by Binance?
On Binance Margin, PIXEL was offered as a borrowable asset on Cross and Isolated Margin as of 19.02.2024 18:00 (Turkish time). It will also be traded in the USDT pair. This will allow margin trading users to make more flexible transactions with altcoins.
The Binance Futures platform is not left behind either. As of 19.02.2024 18:00 (Turkish time), the USDⓈ-M PIXEL Perpetual Contract will be launched with up to 50x leverage. The PIXELUSDT perpetual contract comes with features such as a funding fee paid every four hours, a funding rate limited to +2.00% / -2.00%, and the ability to trade 24/7.
Binance will offer qualified USDⓢ margin futures liquidity providers 0.005% maker fee discounts for trades on the PIXELUSDT Perpetual Contract for approximately 14 to 15 days. This means more incentives for liquidity providers.
Thanks to the Multi-Asset Mode feature, users can use multiple collateral assets when trading on the PIXELUSDT Perpetual Contract, subject to applicable haircuts. This allows users to manage their asset portfolios more effectively.
Binance reserves the right to change the specifications of the PIXELUSDT Perpetual Contract depending on market conditions. This allows Binance to quickly adapt to market dynamics and better meet users’ needs.
All these developments mark a deeper integration of PIXEL into the Binance ecosystem, offering users a wider range of transactions with this cryptocurrency. These innovations can increase the appeal of PIXEL for both beginners and experienced investors and can be considered a significant development in the digital asset market.
You can find detailed information about the listing here.
