The famous cryptocurrency exchange Binance has made several new announcements. The announcements covered 21 altcoin projects in total. Let’s examine the announcements together…
Binance launches new Dual Investment products
As an exciting development for crypto enthusiasts, Binance, one of the world’s leading cryptocurrency exchanges, introduced a new group of Dual Investment products. These innovative investment options allow users to take advantage of updated Target Prices and Settlement Dates as well as Sell High or Buy Low opportunities. Products that appeal to a wide variety of users, as we have also reported as Kriptokoin.com, offer the chance to win prizes from popular cryptocurrencies without any additional fees. Subscriptions to Binary Invest products operate on a first come, first served basis, so users are encouraged to act quickly to secure their place.
Binary Investing products offer two main options: Sell High and Buy Low. The Sell High option is ideal for users who want to accumulate higher rewards on their crypto holdings or who plan to sell their Deposit Currencies in the future at a potentially higher price compared to the market price at the subscription date. The Deposit can be Bitcoin (BTC), Ethereum (ETH) or Binance Coin (BNB) and the Contract Dates are spread over various ranges from July to December 2023. BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE and LTC are used for up selling and bottom buying.
BNB burning took place
On the other hand, Binance recently completed its 24th quarterly BNB token burn, removing 1,991,854.33 BNB from circulation. This routine procedure helps regulate the supply and maintain the token’s market value. The burning process also included 747.51 BNB, which was effectively burned through the Pioneer Burn Program.
New trading pairs enter the market
Also, Binance announced that new trading pairs will be opened on its platform. Users will be able to trade ACA/TRY, AVAX/TUSD, COMP/TUSD, COMP/TRY and XEC/TRY pairs starting July 20, 2023 at 11:00 am. Of particular interest are the AVAX/TUSD and COMP/TUSD pairs, which will be available with zero maker fees until further notice, providing an excellent opportunity for traders looking to enter these markets.
In particular, Binary Investment products may stop accepting new subscriptions at any time, so users are encouraged to make up their mind immediately. Additionally, Annual Percentage is subject to real-time market fluctuations prior to subscription, but will be locked once the subscription is complete. It is important to be aware that Binary Investment products cannot be used before the set Settlement Date.
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