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Home»ADOPTION NEWS»Binance Introduces IO.NET (IO) Across Various Trading Options
ADOPTION NEWS

Binance Introduces IO.NET (IO) Across Various Trading Options

By Crypto FlexsJune 12, 20242 Mins Read
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Binance Introduces IO.NET (IO) Across Various Trading Options
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Crypto exchange giant Binance announced the addition of IO.NET (IO) to its various trading and investment platforms, including Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest. Binance.

Expanded access across platforms

IO.NET (IO) will be available on Binance Margin and Binance Futures starting June 11, 2024, and automatic investment support will begin on June 13, 2024. Users can participate in various financial activities related to IO, such as purchases and conversions. , margin trading and futures contracts.

Binance Simple Savings

Binance Simple Earn now allows users to earn rewards by holding IO.NET (IO) in their Binance account. This inclusion aims to provide users with more opportunities to grow their investment portfolio.

Buy and sell cryptocurrency

Binance users can buy IO directly using credit/debit cards, Google Pay or Apple Pay and sell IO using their available wallet balance on the cryptocurrency purchase page. This integration improves accessibility and convenience for users looking to trade IO.NET (IO).

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The Binance Convert feature allows users to trade IO for BTC, USDT, and other supported tokens fee-free. The service provides a seamless experience for those looking to move between different cryptocurrencies.

Margin trading

IO will be introduced as a new borrowing asset on Binance Margin, supporting both cross and isolated margin trading. The IO/USDT pair can now be traded, giving users more leverage options.

futures trading

Binance Futures will launch USDⓈ-M IO perpetual contract with up to 50x leverage. The contract is subject to the regular funding fee, which is settled every 4 hours, and the maximum funding rate at launch is +2.00% / -2.00%. Binance may adjust contract specifications depending on market risk conditions.

Additional information

Binance’s multi-asset mode allows users to trade IOUSDT perpetual contracts on multiple margin assets, such as BTC, depending on their haircuts. The IOUSDT perpetual contract is subject to Binance’s Terms of Use and Binance Futures Service Agreement.

Binance continues to expand its products, improving user experience by integrating more tokens into various trading and investment platforms. The addition of IO.NET (IO) aims to provide users with a variety of options to manage and grow their crypto assets.

Image source: Shutterstock

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