Binance Releases the Weekly Report Card

Binance, the globally reputed cryptocurrency trading exchange, has released its Binance Weekly Report for its strong customer base. The report is aimed to keep the users informed about the weekly developments taken into account by the leading digital currency trading platform in terms of trading capacity and customers.

Given below is the complete list of the weekly updates of Binance crypto exchange, have a look:

1) Binance Futures marks yet another achievement

Binance Futures, the newly established Bitcoin Futures trading platform of Binance, strengthened its position in the community by launching ETH futures contracts infused with up to 50x leverage capacity. The ETH contracts allow investors to trade ETH with adjustable leverage ranging between 1 to 50 on their desktop computers and mobile web, with Android and iOS support to be made available in the future.

2) Binance Futures API Update Details

i. GET /fapi/v1/account has new field: positions

a. Added new field time for order creation time in:

· GET /fapi/v1/openOrders

· GET /fapi/v1/order

· GET /fapi/v1/allOrders

ii. New endpoint GET /fapi/v1/allForceOrders to get all liquidation orders.

a. New websocket streams:

· <symbol>@forceOrderfor liquidation order streams

· [email protected] for all market liquidation order streams

3) Binance Futures Feature Update

The consolidation of Stop-loss limit orders and take-profit limit orders had been made to “Stop Limit.” Stop Limit Orders get executed when a specified price is achieved. On the other hand, there had been a consolidation to “Stop Market” for stop-loss market orders and take-profit market orders.

4) Binance $500 in $BNB Giveaway Alert

Binance announced a giveaway program for its users, which allowed them to win 1 of the 5 prizes allocated, with each prize worth $100 each. The users had to screenshot their Binance Futures ETH position and share it with Binance to claim their rewards.

5) Binance includes Margin Trading for XTZ

Binance’s margin trading platform has included the following asset and trading pairs in its ecosystem

· New margin and borrowable assets: XTZ

· Trading Pairs: XTZ/BTC and XTZ/USDT

6) Binance updates the ticker of BCHABC to BCH

Binance suspended deposits, withdrawals, account transfers, and trading of BCHABC, BCHABC/BTC, BCHABC/USDT, BCHABC/USDC, BCHABC/TUSD, BCHABC/PAX, BCHABC/BUSD at 2:00 AM (UTC) on November 28, 2019. The users got credited with BCH based on the screenshot of their BCHABC balances in the ratio of 1:1 on November 28, 2019, at 4:00 AM (UTC).

The trading for BCH/BTC, BCH/BNB, BCH/USDT, BCH/USDC, BCH/TUSD, BCH/PAX, and BCH/BUSD was opened at 10:00 AM (UTC) on November 28, 2019.

7) Binance iOS App Update

· OCO orders are now operable

· Multi-network deposits & withdrawals facilitated

· Critical network optimizations

8) New Internal Transfer Feature Launched

The withdrawal of assets by a customer from their Binance account to an existing Binance deposit address, the process will be considered as an internal transfer and shall be subjected to processing without block confirmations and transfer fees.

9) Binance Upgrades XMR Scheduled Protocol

Binance successfully completed the XMR protocol upgradation and re-opened deposits and withdrawals on the platform. The XMR deposit addresses that existed before the upgrade were rendered invalid post the upgrade.

10) Binance Lends Support To ETHBNT Airdrop for Bancor (BNT) Holders

Binance confirms support for the ETHBNT Airdrop for its BNT holders. The platform will take a snapshot of the BNT coins held by exchange holders during the first Ethereum block after January 1, 2020 at 5:00 AM (UTC). The users will get ETHBNT tokens worth 10% of the USD value of their BNT while taking the snapshot.

11) Binance Completed the New user Sign-Up Bonus Activity

Binance successfully concluded the New User Sign-Up Bonus activity lottery and the lucky draw. The top three winners of the lucky draw were decided through a YouTube Live-stream. The exchange platform distributed the BNB rewards to the winners.

12) QTUM Competition Concluded

Binance collaborated with QTUM to initiate a giveaway of $120,000 in QTUM tokens. The QTUM trading competition was to celebrate the addition of QTUM to Binance’s margin trading platform. The users were given multiple lucrative offers during the competition. The rewards have been distributed by Binance to the winners.

13) Russian Ruble Trading Pairs added to Binance

Binance facilitated trading for the Russian Ruble (RUB) in the USD trading market space. The trading pairs BNB/RUB, BTC/RUB, ETH/RUB, and XRP/RUB became operable at 1:00 PM (UTC) from December 2, 2019.

14) Binance Collaborated With TravelbyBit

Binance joined hands with travel booking firm, TravelbyBit, to launch a cryptocurrency pegged travel rewards card for allowing crypto payments on major traveling websites.

15) Binance Research Upgradation to 2.0 Phase

Binance Research upgraded the website to foster the addition of new lucrative features and attributes. The platform boasts of more than 60 in-depth observation reports concerning digital currencies, market trends, latest developments in the blockchain niche, etc.

16) Binance Research Explores DAOs ecosystem

The report stated the current status of the DAOs or the decentralized autonomous organizations. It further presented a working pedagogy to be adopted by them and tried to explore the industry efforts which can benefit DAOs in a big way.

17) Binance Podcast Episode 27 – Blitzscaling at Binance

The Managing Director of Multicoin Capital, Kyle Samani, discussed Multicoin Capital’s research on Binance with Binance CFO Wei Zhou. The Binance spearhead shared intriguing experiences, his take on the Indian crypto market, and the exchange’s recent collaborations in the region during the encounter.

18) Binance Academy: How Blockchain technology can affect the banking sector

The informative article of Binance Academy gave a clearer insight into the importance of real-time transactions, tokenization of assets, enhanced international trade, secured digital agreements, etc.

19) Binance Blog: Turkey: A Very Important Crypto Nation

The blog highlighted the launch of fiat-to-crypto gateway pegged by Turkish lira in the country. It tried to explain the widescale opportunities for crypto firms in Turkey.

20) Binance CEO’s List of 10 Books For Holidays

Binance CEO, Changpeng Zhao released a list of 10 books that he finds worth reading during the holidays. Some of the books named by the leader included Blitzscaling by Reid Hoffman, Crossing the Chasm by Geoffrey Moore, The Advantage by Patrick Lencioni, etc.

21) Binance Meetup in Kyiv

Binance witnessed a huge gathering from the industry enthusiasts during the recently conducted Binance Meetup in Kyiv, Ukraine.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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