Breaking News: Binance Integrates ZKsync (ZK) Across Platforms
Binance, a renowned crypto exchange, has recently incorporated ZKsync (ZK) into its Simple Earn, Margin, and Futures services. The implementation of ZKsync aims to diversify trading options and enhance the overall trading experience for users on the platform.
ZKsync on Binance Simple Earn
Effective June 17, 2024, Binance has integrated ZKsync (ZK) into its Simple Earn feature. This new addition allows users to earn rewards on their crypto holdings in a simplified manner. By holding ZK in their Simple Earn accounts, users can now generate passive income.
ZKsync on Binance Margin
Aside from Simple Earn, ZKsync (ZK) is now available on Binance Margin. ZK has been included as a borrowable asset on Cross and Isolated Margin platforms. Users can engage in ZK/USDT trading on these margins from June 17, 2024, at 11:00 (UTC), expanding their trading and borrowing options.
ZKsync on Binance Futures
Binance Futures has launched the USDโ-M ZK Perpetual Contract, enabling users to trade with leverage of up to 50x. The contract was live on June 17, 2024, at 11:00 (UTC), with a funding rate capped at +2.00% / -2.00% and a funding fee settlement frequency every four hours.
- Binance may adjust contract specifications based on market risk conditions.
- Multi-Assets Mode allows trading ZKUSDT Perpetual Contract across various margin assets.
- ZKUSDT Perpetual Contract falls under Binance’s Terms of Use and Futures Service Agreement.
Get Informed
Binance offers additional resources and guides for users keen on exploring the new offerings. Check out the Margin Data for an updated list of marginable assets, alongside specific limits, collateral ratio, and rates to stay informed.
Remember, it’s essential to exercise caution when trading digital assets, given the market’s high risk and price volatility. Align your trading decisions with your investment experience, financial situation, objectives, and risk tolerance. Consulting an independent financial adviser before making investment decisions is always a wise move.
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