Important Binance Announcement to Many Altcoin Investors: Details
binance
-Update_CB.jpg” />
TL;DR
- Binance recently expanded its Credit service to include new assets such as Holo (HOT) and Manta Network (MANTA), requiring users to update their app versions to place orders.
- Prices for these newly added tokens increased following the announcement, likely driven by the broader recovery in the cryptocurrency market.
The world’s largest cryptocurrency Exchange has launched a new upgrade to its platform to offer additional services and respond to current market trends. lately this Additional Holo (HOT), Jito (JTO), Manta Network (MANTA), MANTRA (OM), NFPrompt (NFP) and Portal (PORTAL) as new loanable assets on Binance Loans (Flexible Rates).
The company provides consultancy services to its customers If you want to order through the app to upgrade to iOS v2.78.0 or Android v2.78.0 (or newer). “Older app versions no longer support placing new Binance Credit (Flexible Rate) orders,” it warned.
Prices of most of the assets included in the exchange’s latest update headed north shortly after the announcement. On a 24-hour scale, JTO increased by 13%, MANTA increased by 7%, while NFP witnessed a 5% increase.
Additional support from Binance This may be one reason why the mentioned cryptocurrencies are in bullish mode. Another factor could be the significant revival of the entire cryptocurrency market today (May 2). Most leading digital assets including Bitcoin (BTC), Ethereum (ETH), solana (SOL), ripple (XRP) and Cardano (ADA) in the greenery After suffering significant losses in the previous days.
Previous Changes
The exchange has released numerous updates to its platform over the past few weeks. IT Additional 18 new loanable assets, including popular meme coins pepe (PEPE) and dogwifhat (WIF), are added to Binance Credit at the beginning of april. Shortly after, he started ARB/USDC and Neo/USDC provide perpetual contracts with up to 50x leverage, while FIL/USDC provides up to 75x leverage.
Earlier this week, the company included XRP/JPY, SHIB/JPY, ADA/JPY and SOL/JPY trading pairs on Binance Spot.
Options focus on the Japanese yen and give locals the chance to: dive deeper cryptocurrency industry. “Users will enjoy zero Maker and taker fees on JPY trading pairs until further notice,” the firm said.
Before this Binance simplified Crypto trading for Mexicansmore, By launching a direct pair between USDT and MXN.
SPECIAL OFFER (Sponsored)
LIMITED OFFER 2024 for CryptoPotato readers on Bybit: Use this link to sign up for Bybit Exchange for free and open a $500 BTC-USDT position!
#Important #Binance #Announcement #Altcoin #Investors #Details