Blockchain
Binance introduces IO.NET (IO) for multiple trading options
According to Binance, cryptocurrency exchange giant Binance has announced the addition of IO.NET (IO) to a range of its trading and investment platforms, including Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures and Binance Auto-Invest. Binance.
Expanded access across multiple platforms
Starting June 11, 2024, IO.NET (IO) will be available on Binance Margin and Binance Futures, with Auto-Invest support starting June 13, 2024. Users can engage in various financial activities involving IO, such as purchasing , conversion, margin trading and futures contracts.
Earn money easily on Binance
Through Binance Simple Earn, users can now earn rewards by holding IO.NET (IO) in their Binance accounts. This inclusion aims to provide users with more opportunities to grow their investment portfolios.
Buy and sell cryptocurrencies
Binance users can purchase IO directly using credit/debit cards, Google Pay, or Apple Pay, and sell IO using wallet balances available on the Buy Cryptocurrencies page. This integration improves accessibility and convenience for users looking to trade on IO.NET (IO).
Convert
The Binance Convert feature allows users to exchange IO against BTC, USDT, and other supported tokens at zero fees. This service offers a seamless experience for those who want to move between different cryptocurrencies.
Margin trading
IO will be introduced as a new loanable asset on Binance Margin, supporting both cross-margin and isolated margin trading. The IO/USDT pair will be available for trading, giving users more leverage options.
Futures trading
Binance Futures will launch the USDⓈ-M IO Perpetual Contract with up to 50x leverage. The contract will be subject to regular funding fees, adjusted every four hours, and the maximum funding rate at launch will be +2.00%/-2.00%. Binance may change contract specifications based on market risk conditions.
Additional Information
Binance’s Multi-Asset mode allows users to trade the IOUSDT perpetual contract on multiple margin assets, such as BTC, subject to applicable haircuts. The IOUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Binance continues to expand its offering, improving user experience by integrating more tokens across various trading and investment platforms. The addition of IO.NET (IO) aims to provide users with diversified options to manage and grow their crypto assets.
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