Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has made new announcements. The exchange’s announcements include Flow (FLOW), Shentu (CTK), and Binance Coin (BNB). Here are the details…
Launching new options contract for BNBUSDT
Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it has launched BNBUSDT Daily Options, a European-style options contract that will be effective from April 25, 2023 at 11:00 am. Binance will list BNBUSDT Daily Options at 11:00 am every day unless it coincides with the expiration of another BNBUSDT Weekly, Monthly or Quarterly Option contract on the same day.
The trading life of the BNBUSDT Daily Options contract will be two days and will expire at 11:00 am. Binance will only list up to two BNBUSDT Daily Options contracts at any given time. As we have also reported as Kriptokoin.com, Binance is known for being a pioneer in the crypto money industry and is constantly expanding its services. With the addition of BNBUSDT Daily Options, traders will have more trading opportunities and strategies to choose from, in addition to the already extensive range of trading products on the platform.
Updates will be supported for FLOW and Shentu
Binance also announced that it will support network upgrades for Flow (FLOW) and Shentu (CTK). The Flow (FLOW) network upgrade will occur at 6:00 PM on April 26, 2023, and the Shentu (CTK) network upgrade will occur at block height 12,926,000 Shentu, or approximately April 26, 2023. During network upgrades, FLOW and CTK deposits and withdrawals will be suspended approximately from 17:00 on April 26, 2023 for FLOW and from 02:00 on April 26, 2023 for CTK. However, FLOW and CTK trading will not be affected during network upgrades.
Binance will meet all relevant technical requirements for all users who have FLOW and CTK in their account. Deposits and withdrawals for FLOW and CTK will reopen once the upgraded networks are deemed stable and there will be no further announcements to notify users. The addition of BNBUSDT Daily Options and support of network upgrades for FLOW and CTK demonstrates Binance’s commitment to providing its users with a wide range of trading products and positive user experience.
Binance has become a trusted platform for cryptocurrency traders and investors worldwide and continues to lead the way in innovation and customer satisfaction. Binance has experienced tremendous growth in recent years, with a user base of more than 100 million and daily trading volumes that can reach billions of dollars. Its success can be attributed to its commitment to innovation, security and customer support. Binance’s focus on providing a wide range of trading products and exceptional user experience has helped it become a leader in the cryptocurrency industry.
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