Binance Weekly Report: Welcome CoinMarketCap (Also, Welcome to Korea)
In this weekly report (March 30 to April 5, 2020): We acquired CoinMarketCap and launched Binance Korea, the first implementation of Binance Cloud, while CZ addressed the community regarding our several updates.
1. Binance acquires CoinMarketCap. This landmark deal combines two of the most trusted brands in crypto and introduces some significant opportunities to grow the industry even further. CoinMarketCap stays committed to providing the most accurate, timely, and quality cryptocurrency data in the industry while benefiting from Binance’s expertise, resources, and scale.
2. Binance.KR launches. The first of many exchanges to be using the Binance Cloud solution, the new Binance-branded exchange catering South Korea has opened for registrations, deposits, and trading, with withdrawals to open on April 9. Take advantage of zero trading fees on Binance.KR until June 30.
Binance Exchange Updates
3. Binance OTC Trading Portal goes live. Through the OTC Trading Portal, traders can request for quotes (RFQ) on-demand 24/7. Once traders like the rates they see, they can proceed to confirm trades and receive quick settlement directly into their Binance account. Click here to learn how to use the portal.
4. Updates for Binance iOS and Android apps. Here are some of the new upcoming features:
Options Trading mode
Futures Hedge Mode
Buy Crypto with Visa & Mastercard
Experience vouchers
Buy crypto with 30+ fiat currencies
Sell crypto to Cash Balance
Flexible lending products
5. Binance lists Binance KRW (BKRW) stablecoin. We opened BTC/BKRW, ETH/BKRW, and BNB/BKRW trading pairs last April 6.
6. Binance Lending adds 2 new tokens to flexible deposits. TRX (with individual max limit of 500,000,000 TRX) and LTC (200,000 LTC limit).
7. Completed: Support for Cocos-BCX mainnet swap.
8. Distribution of Proton (XPR) tokens to MTL holders.
9. Removal of 9 trading pairs (see complete list here)
10. Completed delisting of all FTX leveraged tokens (see more details here)
Binance Futures Updates
11. Binance Futures offers Hedge Mode. This new feature allows traders to hold opposing positions on the same contracts simultaneously. Click here to learn more about how to enable Hedge Mode.
12. Binance Futures Affiliate Bonus Program. Binance Futures Affiliates can now earn a bonus of up to 72,000 USDT based on the fees paid by their referrals over a period of one calendar month.
13. Join the Binance Futures Trading Tournament. Form teams of traders and compete against other teams for a bigger share of a prize pool of up to $1 million in BNB tokens. Sign up to be a team leader, or join a team.
14. Updated trading interface, see below:
15. You can now view PnL details for your Futures account.
Binance Fiat and Stablecoin Updates
16. Buy crypto with Mastercard in 19 countries: Brazil, Colombia, Czech Republic, France, Germany, Indonesia, Italy, Latvia , Mexico, Netherlands, Norway, Poland, Russia, Slovenia, Spain, Switzerland, Turkey, UK, Ukraine.
17. BUSD Treasury mints $2 million in BUSD on BNB Chain (former B. The new batch of BUSD comes after an uptick in activity for the stablecoin regulated by the New York State Department of Financial Services.
From the Binance Team
18. Latest AMA with CZ. Find about some of the important statements Binance CEO Changpeng (CZ) Zhao has shared about the Binance-CoinMarketCap deal, Binance Mining Pool, Binance Futures, and more, during his recent AMA.
CZ also gave interviews this week with Cointelegraph, CoinDesk, and the Pomp Podcast.
19. Letters from CoinMarketCap’s founder and interim CEO. Brandon Chez, the founder of CoinMarketCap, and Carylyne Chan, the interim CEO, shared their personal thoughts with the user community regarding the acquisition by Binance
20. How Binance Works From Home. Binance team members shared work hacks and principles that improve our performance and well-being regardless of where we are in the world, and especially during the coronavirus pandemic.
21. We’re launching the following online community initiatives:
Binance Academy Masterclass online edition in Nigeria. Binance Nigeria is hosting a two-day webinar (April 9-10) for users interested in learning about Bitcoin and cryptocurrency trading.
Binance Portuguese Webinar. The community has already set up two webinars for crypto education.
22. Was your job affected because of the COVID pandemic? Join us, we’re hiring! We continue growing our workforce, come bull, bear, or virus. It’s so notable that Cointelegraph wrote about it. Explore our openings here.
Binance Ecosystem Updates
23. Binance Charity’s latest updates on Crypto Against COVID campaign:
We welcome 34 companies into the Crypto Against COVID alliance. One of its members, Ocean Protocol, donated $100,000 in crypto for the cause.
Binance Charity made a $1 million donation in BUSD, on behalf of everyone who joined the social media campaign for the initiative.
In total, the entire Binance ecosystem donated $2.4 million to the cause.
We shipped 10,000 protective suits to Turkey.
We’ve increased the stakes when it comes to donating. We match what you donate via Binance Charity on a 2:1 basis.
24. Binance Podcast talks about coronavirus in Italy. In the latest episode, Binance’s Senior Vice President of Charity Jarred Winn interviewed Lucia Quaglia, a member of the Binance team in Italy, about the impact of COVID-19 and what can be done to support Italy.
25. Coming soon: Binance Mining Pool. CZ revealed that the upcoming mining pool will be added to Binance’s suite of financial products.
26. WazirX launches Indian rupee instant deposit, trading pair. The WRX/INR trading pair is now available.
Meanwhile, WazirX is also part of the Binance ecosystem’s anti-COVID campaign. Retweet this to add 10 Indian rupees to WazirX’s donation to the PM-CARES Fund.
27. Binance Academy released new content:
28. Binance Research releases new reports:
How Has the Recent Market Turmoil Impacted Cryptocurrencies?
March 2020 Crypto Analysis - Will Central Bank Policies Impact the Crypto-Market Recovery?
Cryptocurrency reports: EOS (EOS), Cardano (ADA), and Tezos (XTZ)
29. Binance.US launches two more articles under Education 101 Series:
30. Binance DEX adds AVA/BUSD trading pair. Meanwhile, Binance Chain explorer completed temporary system maintenance last April 1.
Promos
31. ONGOING: Binance swag competition in Indonesia. Promo runs until April 30.
That’s a wrap for last week! Follow us on Twitter, Instagram, Facebook, and YouTube, and join our official Binance Telegram group to talk more with our community.