Binance Expands Trading and Investment Options with IO.NET (IO)
Binance, a leading cryptocurrency exchange, has announced the inclusion of IO.NET (IO) across multiple platforms, enhancing its trading and investment offerings. Starting from June 11, 2024, users can engage with IO.NET (IO) on Binance Margin, Binance Futures, Binance Simple Earn, Buy Crypto, Binance Convert, and Binance Auto-Invest.
Key Features and Platform Integrations
1. Binance Simple Earn
- Start Date: June 11, 2024
- Description: Users can earn rewards by holding IO.NET (IO) in their Binance accounts. This service aims to help users grow their investment portfolios through passive income.
2. Buy & Sell Crypto
- Start Date: June 11, 2024
- Description: Binance users can now buy IO directly using credit/debit cards, Google Pay, or Apple Pay. They can also sell IO using their available wallet balances, enhancing the ease of trading IO.NET (IO).
3. Binance Convert
- Start Date: June 11, 2024
- Description: Users can trade IO against BTC, USDT, and other supported tokens with zero fees. This service allows for seamless conversion between different cryptocurrencies.
4. Margin Trading
- Start Date: June 11, 2024
- Description: IO.NET (IO) will be available as a new borrowable asset on Binance Margin, supporting both Cross and Isolated Margin trading. The IO/USDT pair will offer more leverage options for traders.
5. Futures Trading
- Start Date: June 11, 2024
- Description: Binance Futures will launch the USDⓈ-M IO Perpetual Contract with up to 50x leverage. The contract, subject to regular funding fees settled every four hours, will have an initial maximum funding rate of +2.00% / -2.00%.
6. Auto-Invest
- Start Date: June 13, 2024
- Description: Users can set up automatic investments in IO.NET (IO) to manage and grow their crypto assets systematically.
Additional Features
Multi-Assets Mode
- Description: This feature allows users to trade the IOUSDT Perpetual Contract using multiple margin assets like BTC, subject to applicable haircuts. It is designed to provide flexibility in margin trading.
Regulatory and Agreement Compliance
- Description: The IOUSDT Perpetual Contract and other IO-related trading activities are subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Users are advised to familiarize themselves with these terms to ensure compliant trading.
Conclusion
Binance’s inclusion of IO.NET (IO) across its various trading and investment platforms marks a significant expansion, providing users with a diversified range of options to manage and grow their crypto assets. From earning rewards on Binance Simple Earn to leveraging futures trading with up to 50x leverage, the integration of IO.NET (IO) enhances the overall user experience and investment opportunities on Binance.
