Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin
Tony Kim Jun 20, 2024 17:42
Binance adds LayerZero (ZRO) to its Earn, Buy Crypto, Convert, Margin, and Futures platforms, enhancing its ecosystem.
Binance has announced the addition of LayerZero (ZRO) to several of its trading and investment 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 broader range of investment options, according to Binance.
Earn
Starting from June 24, 2024, users can purchase ZRO using any of the payment options supported on Binance Auto-Invest. This addition allows users to include ZRO in their investment portfolios conveniently.
Buy & Sell Crypto
Users can now buy ZRO directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell ZRO directly with their available wallet balances on the “Buy Crypto” page. This integration provides a seamless experience for users looking to invest in LayerZero.
Convert
Binance Convert now supports trading ZRO against BTC, 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 borrowable asset on both Cross and Isolated Margin, with the ZRO/USDT pair available. This feature went live on June 20, 2024, at 14:00 (UTC). Users can refer to the Margin Data for the most updated information on marginable assets, limits, collateral ratios, and rates.
Futures
Binance Futures launched the USDⓈ-M ZRO Perpetual Contract on June 20, 2024, at 14:30 (UTC), offering up to 50x leverage. The maximum funding rate at launch is set at +2.00% / -2.00%, with the funding fee settlement occurring every four hours. Binance reserves the right to adjust the specifications based on market risk conditions.
The ZROUSDT Perpetual Contract is subject to Binance's Terms of Use and the Binance Futures Service Agreement. Users can also utilize the Multi-Assets Mode to trade the ZROUSDT Perpetual Contract across multiple margin assets, 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 advised to visit the official Binance announcement.
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