Binance has revealed it partnered with the IOTX team to commit $ 90,0000 USD worth IOTX tokens in a trading competition that begins on the 12 February 2020 and ends on 19th February 2020.
The great news is succeeded by Binance action to launch support for Russian rubles on its p2P trading platform.
As stated in the Binance update, the exchange promotion A category puts a 10% trading fee discount for new platform users. Users who use a special referral link set aside by Binance benefit from the 10% trading fee discount.
For the promotion B category, traders share a pool of $80,000 USD in IOTX. Traders who rank in the top 20 based on their IOTX trading volume (buys and sells) while the competition is still ongoing are given the privileges to share from the $ 80,000.
Also, in the promotion C category for the IoTeX IoPay App Competition, nothing less than $10,000 in IOTX Tokens is to be shared.
Users of Binance are enjoined to download the IoPay app, deposit and stake 5,000 native IOTX tokens while the competition is ongoing to get a share from the $10,000 in IOTX tokens.
Internet of Trusted Things (IOTEX) is a privacy-focused digital currency with different products centered on making people the owners of their privacy.
Binance Adds Support for Russian Rubles
Binance crypto exchange’s P2P trading platform has introduced Russian rubles (RUB), giving its users the opportunity to buy Binance Coin, Tether, Ethereum and Bitcoin with the Russian Rubles, an announcement has noted.
At the moment, Binance has launched support for several fiat currencies, pegging them with several other cryptocurrencies.
Users of the P2P platform can trade cryptocurrency even in countries where cryptocurrency trading is banned. In China where cryptocurrency trading is not allowed, users of the P2P trading platform can easily trade cryptocurrency. The P2P platform supports Vietnamese Dong, Chines Yuan and now Russian rubles.
According to Changpeng Zhao, the CEO of Binance, “P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer.”