Binance Weekly Report: We Love You 125x
In this weekly report: Binance Futures offers 125x leverage, BNB burn for Q3 2019 is done, crypto ETP for BNB launches, and more!
1. Binance Futures caps off Month 1 with 125x leverage launch. You can choose anywhere from 1x to 125x leverage on Binance Futures, now also with built-in risk controls for traders. This major upgrade was achieved without pausing trades.
This launch caps off the first month of operations for Binance Futures, which is now the second-biggest Bitcoin futures market in the world. Read more milestones and upgrades on “Binance Futures Review: Month 1.”
2. Binance burns 2,061,888 BNB for Q3 2019. This is the 9th quarterly burn for BNB. On this blog for the BNB burn, CZ provided insights on the past quarter of Binance’s operations and what’s ahead.
3. Fiat on Binance, coming soon. “In about two weeks or so, we should have support for Russian rubles trading directly. So you [will be able to] buy cryptocurrencies on Binance.com using rubles," CZ recently said during the Open Innovations conference in Russia.
4. BNB exchange-traded product (ETP) launches on SIX Swiss Exchange. This new BNB ETP, made through our collaboration with Amun, now makes BNB more accessible to the wider institutional and retail market.
5. 10th Binance Launchpad project: Kava. Ticket claiming for Kava, a cross-chain decentralized finance (DeFi) project, begins October 23. Go to Binance Launchpad for more info.
6. More updates from Binance:
* New trading pairs for BUSD. We will soon launch XRP/BUSD, ETH/BUSD, BCHABC/BUSD, LTC/BUSD, LINK/BUSD, and ETC/BUSD. Also, we launched margin trading for BUSD.
* Support for deposit/withdrawal of more BEP2 tokens. Specifically: BCHABC, MATIC, and MDA.
7. BNB Chain issues Bitcoin Cash-pegged token. The BCH-1FD token, which is backed by real BCH assets, is the third pegged token to be issued on BNB Chain, following tokens pegged to BTC and XRP.
For more updates about BNB Chain and Binance DEX, read the latest BNB Chain Monthly Update.
8. 3 new listings for Binance.US. Our US fiat partner now offers trading for DASH, Algorand, and Zcash. Also, Binance.US deposits are now covered by FDIC insurance. To know more about the latest from Binance.US, here’s Fortune’s interview with Binance.US CEO Catherine Coley.
9. Binance Academy app launches. Download now: iOS | Android
Also, new content from the Binance Ecosystem:
* Binance Academy’s new article: “The Wyckoff Method Explained.”
* Binance Podcast’s new episodes: “Building Crypto Futures at Binance” with Binance Futures Director Aaron Gong and “Minipod: Crypto-Correlations Review Q3 2019” with Brian from Binance Trading.
* Binance Research’s new report: Kava
* Binance Guides’ new episode: “Adjusting your Binance Futures leverage.”
10. Binance global meetups
October 16: Singapore
October 19: Baguio, Philippines
11. Binance promos roundup:
* Binance Futures share your position contest. Tweet a screenshot of your open position on Binance Futures for a chance to win BNB.
* Binance Futures video guide contest, now extended to October 31!
* Various Telegram AMAs (with prizes): Qtum and TomoChain on Binance English ($5,000 each), Maecenas and ZEBI on Binance DEX ($5,000 each project), NEXO on Trust Wallet ($4,000), KAVA on Binance Turkish ($1,000), NANO on Binance Italian
12. Binance Charity feeds 756 students. This is part of the ongoing Lunch for Children program at Lambala Primary School, one of the many schools we support in Uganda. Donate now.
13. TravelbyBit 2.0 launches. The revamped site offers better user experience, more competitive pricing, multi-currency display, credit card options, and more!
14. Binance meets Bermuda. Bermuda Premier David Burt and Binance Strategy Officer Gin Chao discussed potential MOUs and collaboration after Bermuda committed to accept crypto for taxes.
15. Binance at the World Internet Conference. CFO Wei Zhou was a keynote speaker at the event in Wuzhen, China.
16. Binance Review, Month 27. Recap the biggest events of the past month for Binance.
That’s a wrap for last week! Please follow us on Twitter, Instagram, Facebook, and YouTube. Join our official Binance Telegram group to talk with our community.
Cryptocurrency investment is subject to high market risk. Binance is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.