In this weekly report (July 20 to 26, 2020): An active week for new listings across perpetual and quarterly futures, as well as spot trading.
Binance Futures and Options Updates
1. NEW QUARTERLY CONTRACTS. All contracts have 1-75x leverage.
- ETHUSD Quarterly 0925. Opened July 24.
- LINK Quarterly 0925. Opened July 21.
- ADAUSD Quarterly 0925. Opened July 20.
2. NEW PERPETUAL CONTRACTS. All contracts have 1-50x leverage.
- KAVA/USDT. Opens July 28.
- LEND/USDT. Opened July 23.
- SXP/USDT. Opened July 21.
3. Binance adds Quarterly Futures to its referral program. Starting July 21, users can earn a referral bonus from invited friends that trade Quarterly Futures contracts.
4. Binance Futures affiliate upgrade + 30,000 USDT rewards pool. When you invite your friends to Binance Futures, you will now earn a referral bonus from spot, perpetual, and quarterly futures trading fees. That’s a triple bonus. Also, the new 30,000 USDT rewards pool is on top of the extra monthly bonus of up to 72,000 USDT that we already offer.
5. Analyzing The Growth of Altcoin Perpetual Futures Landscape. The unusual stagnation in Bitcoin’s price has shifted investors’ appetite towards altcoins as prices surged to new all-time highs, according to this new report from the Binance Futures team.
Binance Exchange Updates
7. NEW LISTINGS: Maker (MKR) & Dai (DAI). MKR/BNB, MKR/BTC, MKR/BUSD, MKR/USDT, DAI/BNB, DAI/BTC, DAI/BUSD, and DAI/USDT trading pairs launched on July 23.
8. NEW LISTING: THORChain (RUNE). RUNE/BNB, RUNE/BTC, and RUNE/BUSD trading pairs launched on July 24.
9. NEW LISTING: IRISnet (IRIS). IRIS/BNB, IRIS/BTC, and IRIS/BUSD trading pairs launched on July 21.
10. NEW TRADING PAIRS: DCR/BUSD, DGB/USDT, GBP/USDT, STORJ/BUSD, and SXP/USDT. Trading opened on July 20.
11. Isolated Margin enabled for nine more tokens: ONE, SNX, TOMO, WAVES, WRX, ONG, ANKR, FTT, and SXP. A zero-interest promotion for borrowing these tokens run until July 28 for the first five tokens and July 30 for the rest.
12. Maker fee rebates to the spot market maker program. We just added more benefits to the market maker program, which you can join by emailing email@example.com.
14. Binance spot referral dashboard update. The update, completed on July 23, removed the duplicate record of other functional accounts, including Sub-accounts, Isolated Margin accounts, and Mining accounts.
15. Binance Savings adds ERD, USDT products. The ERD savings products will have 7- and 14-day fixed-term maturities.
16. OTC Portal volumes now count towards VIP tier requirements. Starting July 20, these volumes will count as part of spot trading volume, helping you lower your fees on Binance.
18. Distribution of the second batch of staking rewards for June 2020. This involves ONE, FET, LOOM, XTZ, ATOM, TFUEL, ARPA, LSK, EOS, TOMO, and ARK.
BNB, Fiat, and Stablecoin Updates
19. Use your credit and debit cards to buy six more crypto tokens: VET, LINK, MATIC, DOGE, EOS, and LEND. Use the following fiat currencies to purchase: USD, EUR, GBP, and RUB.
20. Binance, Blockchain Foundry work together for wider BUSD access. Specifically, BUSD will use the Syscoin Platform Token (SPT) model and many of its unique features to facilitate the use of BUSD and drive massive adoption.
21. Binance adds Ukrainian hryvnia (UAH) fiat gateway. We are now supporting deposits and withdrawals of that currency on Binance.
Binance Ecosystem Updates
23. Binance partners with German investment firm CM-Equity. Through this partnership, crypto traders and investors in Germany and Europe are able to use Binance and CM-Equity to operate proprietary trading and brokerage services.
24. Travala.com Partners with Swipe. Swipe has added Travala.com’s AVA token to the Swipe platform. With the partnership, AVA is now spendable via the Swipe Wallet and its associated Visa debit cards, in either digital or physical form, at 60 million merchants worldwide
25. Binance Smart Chain integrates Chainlink’s Oracle solution. Now, developers on Binance Smart Chain can build better smart contract apps with the help of real-world data from Chainlink’s oracle solution.
26. Binance Chain testnet migration complete. The Nile testnet was retired, replaced with the newly launched Ganges testnet.
27. Binance China Blockchain Institute co-founds Macau Industrial Blockchain Association. We join academic and business experts from the blockchain industry, industrial economies, and start-up investment communities in Macau.
28. Binance.US lists VeThor Token (VTHO). The VTHO/USD and VTHO/USDT trading pairs opened on July 24.
30. Binance Charity donates 20,000+ PPEs to hospitals in Ukraine. In total, Binance Charity also donated more than 11,000 medical protective suits, 6,000 medical masks, and 6,000 medical respirators.
31. Binance Academy’s newest articles:
- What Is a Bull Market? We’ve discussed what a bull market is, and how traders may approach trading in bull market conditions.
- A Guide to Trading Binance Quarterly Futures Contracts. In this article, we’ll go over how quarterly futures work and what you need to know if you want to trade them on Binance.
- A Beginner's Guide to Monero (XMR). Understand how this privacy cryptocurrency works.
- A Beginner's Guide to VPNs. To understand what a VPN does, it's important to grasp how regular communications work between you and a website.
Also, learn about 12 classical chart patterns you need to know when trading.
32. Binance Research’s newest reports:
- Dai (DAI), a decentralized stablecoin built by MakerDAO.
- MakerDAO (MKR), a decentralized stablecoin platform on Ethereum.
- IRISnet (IRIS), an interchain service hub for decentralized applications.
33. Binance Podcast’s new episode: Explore The Unique Matic Network, with Matic Network Co-Founder and COO Sandeep Nailwal
From the Binance Team
34. Mythbusting Token Economics and Some Common Fallacies. "In this article, I will try to explain a few basic concepts in relation to token economics. It should be pretty light reading." - Changpeng Zhao (CZ), Binance CEO.
35. Are Brokers Ready to Rule Crypto? As digital assets like Bitcoin gain institutional acceptance from large players within the traditional finance industry, a clear trendline is established: There will be greater convergence between traditional and crypto financial market players. Read the full article from CZ about this topic.
36. How to Explain Bitcoin to 4 Different Age Groups. Curious friends, colleagues, and family members interested in Bitcoin’s rise want to know more about it, and we’re here to help you explain it to four different age groups.
37. 8 Reasons to Buy Bitcoin Without Mentioning the Price. When it comes to buying bitcoin, its price shouldn’t be the only thing we’re looking for. We give you eight reasons to buy Bitcoin that don’t have anything to do with price.
38. The Ultimate Guide to Binance Vouchers. Make the most out of the various promo vouchers you get on Binance.
40. Just a public service reminder to all Binancians:
Promos and Community
41. ONGOING: DeFi Futures Trading Competition. A total of 20,000 USD in BNB is up for grabs. Promo runs until July 31.
42. ONGOING: BUSD Trading Competition. We’re giving a 50% discount on interest from BUSD borrowings via Binance Margin. We’re also giving away a total of 60,000 BUSD for BUSD trading and isolated margin. Promo runs until July 30.
43. ONGOING: 200,000 TWT Giveaway by Trust Wallet. Follow and retweet Trust Wallet, then download the app for a chance to win. Promo runs until July 28.
44. ONGOING: Cash vouchers for Binance P2P. Trade with THB on the platform to get a share of the prize pool. Promo runs until August 2.
454. ONGOING: 20,000 ONG giveaway for Binance P2P. Trade with PHP on the platform to get a share of the prize pool. Promo runs until August 3.
46. ONGOING: Binance Learn & Earn with ZIL. Join the learning activities and wina share of our giveaway worth 10,000 USD in ZIL. Promo runs until August 1.
47. ONGOING: 170,000-PHP BNB Ultimate Trading Champion contest. The more you trade BNB across spot and futures pairs, the more chances of winning. Promo runs until August 8.
48. DONE: CHR trading competition. Congratulations to the winners of a share of the 50,000 USD in CHR tokens given away. Promo ended July 20.
49. COMPLETED and UPCOMING COMMUNITY EVENTS:
- Binance French Webinar with SafePal Founder Veronica Wong (July 30)
- Binance French Webinar with Waltio CEO Pierre Morizot (July 28)
- Binance India AMA on Trading with INR using P2P (July 26)
- Binance Spanish AMA with TRON (July 24)
- Binance French AMA with IoTex (July 23)
50. Congratulations to the winner of the #MyBinance promo: