Blockchain
Binance integrates BounceBit (BB) into multiple services
Binance Expands Cryptocurrency Offerings with BounceBit Integration
In a significant move to expand its cryptocurrency offerings, Binance has integrated BounceBit (BB) into many of its services. The global cryptocurrency exchange and blockchain platform announced that BounceBit has been added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures and Binance Auto-Invest.
Expanded access to BounceBit
From 05-15-2024 at 10:00 (UTC), users will be able to purchase BB using any of the payment options supported on Binance Auto-Invest. This integration allows users to purchase BB directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell BB directly with wallet balances available on the “Buy Crypto” page. Additionally, users can trade BB for BTC, USDT, and any other token supported by Binance Convert at zero commissions.
New asset borrowable on Binance margin
Binance Margin has added BB as a new loanable asset on Cross and Isolated Margin. The BB/USDT pair on Isolated Cross and Margin will be available from 05/13/2024 at 12:30 (UTC). Users are advised to refer to Margin Data for a list of the most up-to-date margin assets and further information on specific limits, collateral ratio and rates.
Binance Futures Launches BB Perpetual Contract
Binance Futures will launch the USDⓈ-M BB perpetual contract on 2024-05-13 at 12:30 (UTC), offering leverage of up to 50x. However, the maximum funding rate of the BBUSDT perpetual contract at launch is +2.00%/-2.00%, with the funding fee settlement frequency being every four hours. Users should note that the BBUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Binance’s expansion of its cryptocurrency offerings with the integration of BounceBit is a significant move that shows the platform’s ongoing commitment to expanding its services for users around the world. However, users are reminded that digital asset prices are subject to high market risk and price volatility and that they should only invest in products with which they are familiar and understand the risks.
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