In the ever-evolving cryptocurrency world, Binance continues to make a splash with exciting announcements. Today we bring you two important updates from the world’s leading crypto exchange. Here are the details…
Binance updated its binary investment products
Binance has once again demonstrated its commitment to providing innovative financial solutions to crypto enthusiasts around the world. The exchange has launched a new suite of Binary Trading products, enhancing the popular “Sell High” and “Buy Low” options. This latest offering comes with updated Target Prices and Settlement Dates, offering users greater flexibility and opportunity to maximize their investment. Since Binary Investment products are offered on a first-come, first-served basis, early adopters will benefit the most. Here are the key features:
High selling:
- Target Users: Those who aim to accumulate high rewards on cryptocurrency assets or who want to sell the Deposit Currency in the future at a higher price compared to the market price at the date of subscription.
- Deposit Currencies: ETH, BNB, USDT, BUSD.
- Cryptocurrencies to be sold: BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, LTC.
Buy low:
- Target Users: People who are interested in accumulating high rewards on stablecoin assets or who want to purchase cryptocurrencies in the future at a lower price compared to the market price at the time of subscription.
- Deposit Currencies: BTC, ETH, USDT, BUSD.
- Cryptocurrencies to Purchase: ETH, BNB, BTC, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, LTC.
Supports LUNC update
As Binance continues to innovate and support various blockchain projects, users expect more exciting developments in the world of cryptocurrency trading and investing. In addition to Dual Investment news, Binance announced support for the Terra Classic (LUNC) network upgrade. This upgrade is planned to occur at approximately September 12, 2023 at 17:15 UTC, at a height of 14,514,000 Terra Classic blocks.
During this process, altcoin deposits and withdrawals via the Terra Classic network will be temporarily suspended as of September 12, 2023, 16:15 UTC. Here are some important details to note:
- Trading of tokens existing on the Terra Classic (LUNC) network will not be affected during the network upgrade.
- The estimated time given is for users’ reference only and Binance will meet all technical requirements.
- Once Binance determines that the upgraded network is stable, it will reopen token deposits and withdrawals via the Terra Classic network without further notice.
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