Leading cryptocurrency exchange Binance has launched new binary investment products. On the other hand, it added FIS and many pairs as a new loan asset to Cross Margin. It also added the NTRN perpetual futures contract on Binance Futures and continues to improve its offerings. Here are the details…
New binary investment product group introduced
Binance has launched a new line of Binary Trading products that offer users the opportunity to discover up-to-date Target Prices and Settlement Dates. The subscription format operates on a first-come, first-served basis. By choosing between “Sell High” and “Buy Low” products, users can accumulate rewards in popular cryptocurrencies without paying fees. Deposit units in high sales are BTC, ETH, BNB, SOL, MATIC, ADA, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE and LTC. When buying low, the same coins are the cryptos to be purchased. Transactions in these groups will begin on November 17, 2023. The deadline is March 29, 2024.
New pairs added to Binance cross margin
In other news, Binance expanded its Cross Margin offerings by adding FIS as a new borrowable asset. Additionally, new trading pairs have been introduced on Cross Margin, including BAL/USDT, DEXE/USDT, DGB/USDT and FIS/USDT. Users can discover these additions on the Binance Margin platform.
Neutron listing on futures
Finally, Binance Futures will launch the USDⓈ-M NTRN perpetual futures contract, offering up to 50x leverage, on November 14, 2023 at 15:00 UTC. The funding rate of the NTRNUSDT Perpetual Contract may be adjusted based on market conditions. Multi-Asset Mode allows trading on multiple margin assets with valid breakouts. The basic details of the contract are:
- Underlying Asset: NTRN
- Settlement Asset: USDT
- *Maximum Leverage: 50x
- Funding Fee Frequency: Every Four Hours
- Trading Hours: 7/24
Neutron rose from $0.38 to $0.48 during the day with the developments in Binance. At the time of writing, it is changing hands at $0.46, a 6 percent decline. Still, it’s worth noting that the altcoin maintained its big bounce. Neutron is a cross-chain smart contract platform. It combines the security of the top 10 blockchains by stake value with cutting-edge cross-chain infrastructure to enable DeFi applications to scale securely across a growing network of more than 51 interconnected blockchains. As the crypto market continues to evolve, Binance remains at the forefront by providing solutions tailored to the dynamic needs of its user base.
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