Colossal cryptocurrency exchange Binance has initiated an Isolated Margin trading for some crypto assets which include; Ravencoin (RVN), TRON (TRX), VeChain (VET), Stellar Lumens (XLM) and Tezos (XTZ).
In another fresh development, the cryptocurrency exchange under the administration of Changpeng Zhao declared the launch of the twentieth phase of its Saving Products known as “Binance Savings Products.”
The two latest developments were initiated to enhance better user experience as well as give them more flexibility while trading.
Ravencoin (RVN), TRON (TRX), VeChain (VET), Stellar (XLM), and Tezos (XTZ) Isolated Margin Trading Goes Live on Binance
To give users of some cryptocurrencies the ability to manage their risk on their individual positions, Binance cryptocurrency exchange May 28 declared the inauguration of Isolated Margin trading for Ravencoin (RVN), TRON (TRX), VeChain (VET), Stellar (XLM) and Tezos (XTZ).
Henceforth users of the five cryptocurrencies will be able to restrict the amount of margin allocation to be able to manage risk better while trading.
In the announcement, Binance noted that Ravencoin (RVN), TRON (TRX), VeChain (VET), Stellar (XLM), and Tezos (XTZ) are the new assets available for Isolated Margin trading, and they are also available to users as Isolated Borrowable Assets.
As part of the development, Binance listed XTZ/BTC, TRX/BTC, VET/BTC, RVN/BTC, XLM/BTC, XTZ/USDT, TRX/USD, VET/USD, RVN/USDT and XLM/USDT as the newly initiated Isolated Margin Pairs.
Binance’ Twentieth Phase of Savings Products Going Live
The ongoing Binance Saving scheme has reached another level, and the crypto exchange declared that it would be launching the twentieth phase of its Saving Products known as “Binance Savings Products” by 12:00 PM (UTC) today.
Binance said it would make available 14-day and 30-day fixed-term locked savings products to users
The subscription period spans between 12:00 PM (UTC) today and 12:00 PM (UTC) tomorrow May 29. However, users would be treated based on a first-come-first-served basis.
Users who partake in the program would have their interest payout once the loan term matures.
Details of the saving products can be found below.
Image Credit: Binance.
The Binance Saving Product allows traders or holders of cryptocurrency assets to lock their idle crypto assets in savings and make gains based on the amount of saving irrespective of the market state.