Binance, the world’s largest cryptocurrency exchange with daily trading volume, has made new announcements. Eight altcoins were the subject of Binance’s announcements, in particular. Here are the details…
New step for Cardano staking
iPhone users can now stake Cardano’s native token ADA in their Trust wallet, earning interest and securing the platform. The official Binance wallet app launched the service for Android users in December. According to the announcement, the staking option is done in three simple steps. First send the ADA to the Trust wallet and click on the “stake” option in the login addresses. Then select the validator to stake
The Wallet team added that staking rewards are not automatically rollover and must have at least 4 ADA to stake and redeem their funds. As reported by Binance, data shows that the Cardano network increased smart contract usage by 340 percent in 2021 amid increased developer interest despite the ongoing bear cycle.
Some of the benefits iOS users get with the new offer include purchasing ADA directly from the Trust Wallet app. According to the announcement, users can transfer and receive ADA through a single app, including a unified interface to track the price movements of their stored assets for a better trading strategy. The latest app to support Trust wallet over Cardano’s network is version 6.16.
Binance adds HOOK and MAGIC to its card service
First of all, the exchange made new additions to its crypto currency purchase service with credit and debit cards. The exchange will now support the purchase of HOOK and MAGIC in exchange for fiat money with the use of cards. Purchases for HOOK and MAGIC are available in fiat currencies other than Turkish Lira: AED, AUD, CAD, CHF, EUR, GBP, NZD, PLN, RON, TWD
Binance completes BUSD and TRON integration
On the other hand, the exchange has completed the integration of Binance’s USD-pegged stablecoin, BUSD, into the TRON network. Deposits and withdrawals for BUSD are now open on the TRON network. So users can now transfer BUSD and Binance-Peg BUSD over Ethereum, BNB Chaib, Avalanche, Polygon and TRON networks.
The exchange has completed two promotions
Finally, the exchange announced the end of two promotions. These include the Binance Loans event and the “learn and trade” event for Kava, XTZ, SAND and HFT. For token coupon rewards from KAVA, XTZ, SAND & HFT Learn & Trade, users will be able to use their coupons by logging in via Account > Rewards Center. Token coupons will be valid for 14 days from the day of distribution.
On the other hand, @BinanceVIP for Montblanc Fountain Pen prizes via Binance Loans will ensure the prizes are delivered within the next two weeks. To do this, it will contact the winners via Twitter. The prize will be forfeited if the winner does not respond within 48 hours of the prize notification.
