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Home»ADOPTION NEWS»Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin
ADOPTION NEWS

Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin

By Crypto FlexsJune 20, 20242 Mins Read
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Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin
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Binance announced the addition of LayerZero (ZRO) to several of its trading and investing platforms, including Simple Earn, Buy Crypto, Convert, Margin, and Futures. According to Binance, this move is part of Binance’s ongoing efforts to expand its ecosystem and provide users with a broader range of investment options.

Earn

Starting June 24, 2024, users will be able to purchase ZRO using payment options supported by Binance Auto-Invest. This addition allows users to conveniently include ZRO in their investment portfolio.

Buy and sell cryptocurrency

Users can now purchase ZRO directly using credit/debit cards, Google Pay, Apple Pay, or buy and sell ZRO directly with their available wallet balance on the “Buy Cryptocurrency” page. This integration provides a seamless experience for users looking to invest in LayerZero.

switch

Binance Convert now supports ZRO trading. BTC, USDT and other tokens with no fees. This feature is designed to provide traders with flexibility and cost-effectiveness.

spare

Binance Margin has added ZRO as a new borrowing asset, allowing you to use the ZRO/USDT pair for both cross margin and isolated margin. This feature became active on 20 June 2024 at 14:00 (UTC). Users can refer to margin data for up-to-date information on marginable assets, limits, collateral ratios, and rates.

gift

Binance Futures launched the USDⓈ-M ZRO perpetual contract offering up to 50x leverage at 14:30 on June 20, 2024 (UTC). At launch, the maximum funding rate is set at +2.00% / -2.00%, and funding fee settlement occurs every 4 hours. Binance reserves the right to adjust specifications depending on market risk conditions.

The ZROUSDT perpetual contract is subject to Binance’s Terms of Use and Binance Futures Service Agreement. Users can also utilize the multi-asset mode to trade ZROUSDT perpetual contracts across multiple margin assets according to their respective haircuts.

The comprehensive addition of LayerZero (ZRO) across multiple Binance platforms is expected to increase user engagement and provide a variety of investment opportunities. For more information, please visit Binance’s official announcement.

Image source: Shutterstock



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