Blockchain
Binance introduces LayerZero (ZRO) across multiple platforms, including futures and margin
Binance announced the addition of LayerZero (ZRO) to several of its trading and investing platforms, including Simple Earn, Buy Crypto, Convert, Margin, and Futures. This move is part of Binance’s ongoing efforts to expand its ecosystem and provide users with a wider range of investment options, according to Binance.
Earn
Starting June 24, 2024, users can purchase ZRO using any of the supported payment options on Binance Auto-Invest. This addition allows users to conveniently include ZRO in their investment portfolios.
Buy and sell cryptocurrencies
Users can now purchase ZRO directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell ZRO directly with wallet balances available on the “Buy Crypto” page. This integration provides a seamless experience for users looking to invest in LayerZero.
Convert
Binance Convert now supports trading with ZRO Bitcoin, USDT and other tokens with zero fees. This feature is designed to offer flexibility and cost efficiency to traders.
Margin
Binance Margin has added ZRO as a new asset that can be borrowed on both Cross and Isolated Margin, with the ZRO/USDT pair available. This feature was published on June 20, 2024, at 14:00 (UTC). Users can refer to margin data for the most up-to-date information on margin activities, limits, collateral ratios and rates.
Futures
Binance Futures launched the USDⓈ-M ZRO perpetual contract on June 20, 2024 at 2:30 pm (UTC), offering leverage of up to 50x. The maximum funding rate at launch is set at +2.00%/-2.00%, with the funding fee being paid every four hours. Binance reserves the right to change specifications based on market risk conditions.
The ZROUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement. Users can also use the multi-asset mode to trade the ZROUSDT perpetual contract on multiple assets on margin, subject to applicable haircuts.
This comprehensive addition of LayerZero (ZRO) across multiple Binance platforms is expected to enhance user engagement and provide diversified investment opportunities. For more detailed information, users are recommended to visit Binance’s official announcement.
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