Binance Weekly Report: New Futures Contract + Expanded Isolated Margin
In this weekly report (May 25 to 31, 2020): We launched a new THETA/USDT perpetual contract, as well as isolated margin trading mode for ten more cryptocurrencies, and revealed future plans for Binance IDR.
Binance Futures and Options Updates
1. Binance Futures launches THETA/USDT perpetual contract. Initially launched with 1-50x leverage choices, we have since adjusted the leverage range to 1-20x, as well as the contract’s risk and margin tiers.
2. Binance Futures lets you enable, disable, and resize your trading interface. Customize your display windows for charts, trading depth, order book, trades, positions, and more.
3. Binance Futures historical data now available. The data provided will be year-to-date tick level trading data, including official records of trade times, prices, and quantities.
4. Boosting Returns with Strategic Rebalancing. The Binance Futures team explains how rebalancing works for leveraged tokens, and how Binance Leveraged Tokens protects its holders from regular rebalancing.
5. Binance Guides: How to place a trailing stop order. Learn how to do this on both our website and app.
BNB, Fiat, and Stablecoin Updates
6. Binance and Tokocrypto are supporting Indonesian rupiah-backed stablecoin. Binance IDR (BIDR), a BEP2 stablecoin pegged to Indonesia’s currency, BIDR will be available for direct purchase and redemption at a rate of 1 BIDR = 1 IDR.
7. Binance IDR to list imminently. We will also open BTC/BIDR, ETH/BIDR, BNB/BIDR, BUSD/BIDR, and USDT/BIDR trading pairs soon.
8. How to Buy and Sell BTC and Other Cryptocurrencies with USD/Fiat. The Binance OTC team gives you a quick guide on how you can use the Binance OTC Trading Portal to turn your cash into crypto.
9. CoinPayments supports BNB Chain, BNB. As a result, more than 2 million users of the crypto payments processor across over 180 countries can now accept and pay BEP2 BNB for goods and services.
10. UseBNB list, as of May 2020.
Binance Exchange Updates
11. Community Coin Vote Round 9. We have selected Thunder Token (TT) and Measurable Data Token (MDT) as the two candidates for the vote on June 4.
12. Binance Margin expands isolated margin mode to ten more tokens. You can now use this mode on 20 trading pairs involving these tokens: RVN, TRX, VET, XLM, XTZ, ADA, EOS, ETC, LINK, and MATIC
13. Binance Savings products, Phase 20: COTI 14-day and 30-day fixed-term locked savings products.
14. Binance Savings adds COCOS to customizable locked savings. Seven-day and 30-day products will be made available.
15. Supported blockchain activities: mainnet upgrades for TomoChain and IoTeX.
16. Removal of trading pairs (see the list here).
17. Binance live customer support, now in eight languages. We have recently launched 24/7 live customer support in Vietnamese. You can also get support for the following languages: Chinese, English, Spanish, Turkish, Korean, Portuguese, and Russian.
18. Security reminders on browser plugins. please be careful when downloading third-party extensions or plug-ins on browsers. We have never developed nor supported any downloadable browser extensions or plugins.
Binance Ecosystem Updates
19. Binance.US lists OmiseGo. The US exchange launched OMG/USD and OMG/BUSD trading pairs.
20. Binance.US adds XLM, ENJ to Buy Crypto page. Now, you have 16 cryptocurrencies to choose from on the page. (Meanwhile, you can also read the newest installment of Binance.US’ Education 101 Series: Technical Analysis.)
21. Binance.US launches Widget Program. Earn up to 40% of your friends’ trades made through your widget. Apply now.
22. Binance Academy moves to Binance website. Visit academy.binance.com now and learn more about crypto, trading, and more!
23. Binance Academy’s new articles:
- The Basics of Support and Resistance Explained. The concepts of support and resistance are some of the most fundamental topics related to the technical analysis of financial markets.
- What Is Proof of Work (PoW)? It is a mechanism for preventing double-spends. Most major cryptocurrencies use this as their consensus algorithm.
24. Binance Research’s new article: Dogecoin. You can look into more detailed information on this project, thanks to our collaboration with IntoTheBlock.
25. Binance Podcast new episode: How Crypto Can Take on the Travel Industry. Juan Otero, CEO of Travala, and Caleb Yeah, CEO of TravelByBit, discuss their merger.
Binance in the Media
26. CZ on Bad Crypto Podcast. Binance CEO Changpeng Zhao (CZ) guested in the podcast to discuss the future of the Binance ecosystem.
27. Coindoo reviews Binance DEX. “Binance DEX is a great option for crypto traders looking for a decentralized way of exchanging different tokens, as it has low fees and the backing of a reputable crypto company,” Coindoo said in their review.
Promos and Community
28. DONE: 12.5 BTC Halving Bounty Program. The promo ended on May 27. Congratulations to all the winners.
29. DONE: Binance MasterClass for Africa. Participants learned about Bitcoin, crypto, and market psychology in this well-attended webinar last May 30.
30. DONE: IOTX AMA on Binance English, Russian, and Ukrainian Telegram groups. $2,500 worth of IOTX tokens were given away on Binance English alone.
31. ONGOING: MATIC trading competition. A total of 50,000 USD in MATIC tokens are at stake for this competition. Promo runs until June 3.
32. ONGOING: AMAs for TT and MDT. Watch out for AMAs in your local Binance community and get a chance to win free crypto.
33. ONGOING: P2P Video Guide Contest for Nigeria. Share a total prize of $2,000 in BTC. Promo runs until June 8.
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.