Exciting News for Binance Users: LayerZero (ZRO) Added to Multiple Platforms
Binance recently announced the addition of LayerZero (ZRO) to several trading and investment platforms, including Simple Earn, Buy Crypto, Convert, Margin, and Futures. This strategic move aims to diversify Binance’s ecosystem and offer users a wider array of investment opportunities.
Earn
Starting from June 24, 2024, you can easily purchase ZRO using any of the payment options supported on Binance Auto-Invest. This addition allows you to conveniently include ZRO in your investment portfolios.
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Buy & Sell Crypto
Now, you have the option to buy ZRO directly with your credit/debit cards, Google Pay, Apple Pay, or buy and sell ZRO using your 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 aims to offer flexibility and cost-efficiency to traders.
Margin
Binance Margin has introduced 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). You 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. You can also utilize the Multi-Assets Mode to trade the ZROUSDT Perpetual Contract across multiple margin assets, subject to applicable haircuts.
Enhanced User Engagement and Diversified Investment Opportunities
The comprehensive addition of LayerZero (ZRO) across multiple Binance platforms is expected to enhance user engagement and provide diversified investment opportunities. For more detailed information, it is recommended to visit the official Binance announcement.
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