Search Results for: Binance Margin

“Binance’s ambitious Industry Recovery Initiative (IRI), a billion-dollar fund to rescue struggling cryptocurrency startups, has under-delivered. Only $15 million of the declared $1 billion has been deployed amidst regulatory pressures and lack of suitable investment opportunities. However, the initiative retains its significance in the volatile cryptocurrency ecosystem.”

Binance’s spot market share has fallen for seventh consecutive month due to ongoing regulatory issues and ending zero-fee trading promotions. The platform also exited in certain key markets like Russia, and altered trading fees. This, in turn, has created new opportunities for other players in the crypto exchange space.

Binance’s recent decision to modify their zero-fee Bitcoin trading program has stirred the crypto community. Commencing from September 7, traders will now face a standard taker fee, potentially leading to a drop in trading volumes. However, Binance users can now benefit from zero maker and taker fees trading FDUSD Bitcoin, despite FDUSD’s current lower trading volume.

“Binance is preparing to list SEI Network’s native token, SEI, on Aug. 15. Implementing pre-listing futures alongside this, according to Aevo’s CEO, will enhance price discovery. SEI’s early valuation is set at 26 cents per token, leading to a market cap close to $486 million, pushing it into the top 100 cryptocurrencies.”

Binance announces zero-maker fee promotion for stablecoin TUSD and extends BUSD promotion amidst regulatory issues. The exchange continues to support TUSD, showcasing its agility and adaptability in navigating complex cryptocurrency markets despite regulatory challenges.

Binance expands their zero-fee trading promotion to all TrueUSD (TUSD) trading pairs starting June 30th, despite facing numerous legal challenges and regulatory scrutiny. This strategic move aims to boost adoption of their stablecoin amidst increasing regulatory pressure.

Cboe Global Markets has secured a license to offer margined Bitcoin and Ether futures contracts, following approval from the U.S. Commodities and Futures Trading Commission. The new offerings ease entry barriers and enable traditional firms to access crypto futures without custodial requirements.

Binance recently conducted its 10th LUNC token burn, removing 1.04 billion tokens from circulation and bringing the total destroyed to 33 billion. The market reacted positively with LUNC prices increasing. This burn demonstrates the community’s growing confidence in the project, particularly with upcoming updates such as the CosmWasm v2.1.0 parity upgrade.

Binance, the largest crypto exchange, plans to delist and update the USDⓈ-M 1000LUNCBUSD Perpetual Contract, potentially reducing Terra Classic (LUNC) trading volume on the platform. Further protective measures for the contract, including adjustments to leverage and position value, may impact LUNC price. Investors should conduct due diligence before investing in cryptocurrencies.

Binance is reportedly exploring options to allow select institutional clients to keep their trading collateral in banks, reducing counterparty risk amidst growing concerns over exchange failures. The exchange is in discussions with Swiss-based FlowBank and Liechtenstein-based Bank Frick as potential candidates for this service, as they continue to adapt to evolving regulatory requirements.

Binance recently added Cardano (ADA) and Litecoin (LTC) trading pairs against the TUSD stablecoin, benefiting both cryptocurrencies with positive price momentum. Increased liquidity, ADA whale accumulation, and Litecoin’s upcoming halving event contribute to an optimistic scenario, but proper market research and caution are advised.

Binance expands support for meme coins PEPE and SUI by introducing new isolated margin pairs and UMA as a borrowable asset, boosting their prices. Despite increased interest in meme coins, critics question their long-term viability arguing they undermine the broader blockchain and cryptocurrency industry.

The Terra Luna Classic community has agreed to raise the LUNC burn tax after the token’s price fell significantly. Proposal 11515 “Increase the Burn tax to 0.5%” is currently up for voting, with 77% of votes in favor so far. Major validators support the increase, which could lead to a rise in Binance LUNC burns and LUNC burn rate.

Binance halted Bitcoin withdrawals twice in 12 hours due to heavy volumes and high fees, causing a temporary dip in Bitcoin’s value. While Binance faced challenges, OKX reported operational deposit and withdrawal services. Traders should monitor potential bearish trends as Bitcoin’s value may continue fluctuating.

The digital currency market experienced unique price volatility recently, as memecoins like PEPE and FLOKI got listed on Binance. Despite a milestone, their prices plunged, causing extreme volatility and subsequent listing suspension. Investors should conduct thorough research, as memecoin hype and volatility may lead to potential financial loss.

Binance suspends market order functions for select trading pairs, including meme coins Shiba Inu, FLOKI, and PEPE, due to concerns about market volatility and associated risks. The exchange aims to balance supporting popular assets and user protection, emphasizing the importance of thorough research and caution in cryptocurrency trading.

Binance and Crypto.com introduce perpetual contracts for meme coins PEPE and FLOKI, raising their profiles in the crypto market. PEPE lacks utility and value support, while FLOKI expands with an NFT-based ecosystem. Traders should consider risks and heightened volatility associated with these coins.

“Ethereum teeters just under the $1,800 mark with the Wall Street Memes presale closing soon. Despite a marginal dip, Ethereum remains the second-ranked cryptocurrency with a market cap of $190 billion. However, the cryptocurrency landscape is volatile and investors should tread with caution.”

Despite Visa’s USDC Stablecoin Settlement expansion to Solana (SOL), the cryptocurrency encountered a descent of 23.4% over 23 days. However, Bitcoin BSC, an off-shoot project, is drawing attention with promises of swift transaction times, minimal fees, and an eco-friendly approach to energy concerns. Combining these advancements, Bitcoin BSC emerges as a potentially promising investment option in the crypto market.

“August saw an 11.5% contraction in the combined crypto spot and derivatives trading volume to $2.09 trillion, indicating a market largely driven by speculation. Spot market activity fell to its lowest level since March 2019, further confirming these concerns.”

The latest crypto market analysis shows a mixed performance with Bitcoin exhibiting a marginal loss and Ethereum showing a lack of demand. Despite obstacles, Bitcoin’s dormant supply hit a new high, whereas Binance Coin depicts a bearish trend. Contrastingly, XRP attempts a strong rebound, while Cardano and Dogecoin display indecisiveness and cling respectively to specific support levels.