Binance has released several important announcements regarding platform updates, new trading features, and community events. Below is a curated summary of these developments:
Margin Trading Updates: THETA and ZRX Added
Binance Margin Trading has expanded its offerings with new assets:
- New collateral assets: THETA, ZRX
- New borrowable assets: THETA, ZRX
- New trading pairs: THETA/BTC, THETA/USDT, ZRX/BTC, ZRX/USDT
👉 Learn more about Binance Margin Trading
To celebrate this addition, Binance launched a special promotion:
- 7-day interest-free borrowing for THETA and ZRX
- Promotion period: June 2-9, 2020
STORM Token Contract Migration to STMX
Binance supported the Storm (STORM) smart contract migration to StormX (STMX) with this timeline:
- Deposit/withdrawal suspension: June 7, 2020
- Trading suspension: June 8, 2020 (with 1:1 token swap)
- STMX trading pairs launch: June 11, 2020
Community Voting Events
TT vs MDT Listing Competition (Round 9)
Binance hosted a community vote to determine which token would be listed:
- Voting period: June 4-5, 2020
- MDT won the competition and was listed on June 5, 2020
- Voters received airdrops proportional to their votes
👉 Participate in future Binance voting events
C2C Merchant Competition
Binance launched its "Gold Merchant Competition" to reward top-performing C2C traders:
- Competition period: June 5-30, 2020
- Evaluation criteria: order volume, payment speed, release speed, completion rate
- Prizes included USDT vouchers and Binance merchandise
Mining Pool Updates
Binance Mining Pool introduced new features:
- Machine Gun Pool for SHA256 algorithm coins (BTC, BCH, BSV)
- Promotion: Share $10,000 USDT for new miners with >50T hash rate
- Launch date: June 6, 2020
KAVA Trading Promotions
To celebrate KAVA margin trading launch:
- Grand prize: Tesla Model 3 (worth $47,000) for top trader
- Secondary prizes: $27,800 in KAVA distributed among lucky traders
- Promotion period: June 9-16, 2020
ONT Trading Competition
Binance partnered with Ontology Network for:
- $50,000 in ONT prizes for top traders
- $15,000 in contract trial funds for new users
- Event period: June 10-17, 2020
BTC Quarterly Futures Launch
Binance introduced:
- BTCUSD quarterly futures contracts
- Up to 125x leverage
- Special fee discounts for early adopters
- Launch date: June 2020
FAQs
Q: How does Binance determine which tokens to list?
A: Binance considers multiple factors including community votes, project fundamentals, and market demand.
Q: What are the benefits of participating in Binance promotions?
A: Participants can earn rewards, trading fee discounts, and sometimes substantial prizes like the Tesla giveaway.
Q: How does Binance ensure fair competition in trading events?
A: Binance monitors for suspicious activity and excludes wash trading from prize calculations.
Q: What precautions should traders take with high-leverage products?
A: Users should understand the risks, use stop-loss orders, and only trade with funds they can afford to lose.
Q: How often does Binance add new margin trading pairs?
A: New pairs are added periodically based on market conditions and user demand.
Q: What makes Binance's mining pool competitive?