- Binance has rolled out a series of updates and promotions across its various platforms, including Binance Futures, Binance Earn, and network support.
- The exchange has adjusted leverage ratios and margin tiers, and introduced a new Word of the Day game focused on Meme Coins.
- Binance Futures users can benefit from three new promotions, token coupons, and trading fee discounts, while Binance Pool offers additional bonuses for CKB and BTC miners.
Stay updated with the latest Binance news and promotions, including leverage adjustments, new games, and mining bonuses.
Binance Announces Leverage Adjustments and New Educational Game
Starting from May 28, 2024, at 13:30, Binance Futures will implement changes to the leverage and margin tiers for selected USDⓈ-M and COIN-M perpetual futures contracts. This update aims to optimize risk management parameters for these contracts. Existing positions opened before the update will remain unaffected.
Introduction of the Word of the Day Game
In addition to the leverage adjustments, Binance has launched a new Word of the Day (WOTD) game focused on Meme Coins. This educational game allows users to test their knowledge of crypto terminology and current trends related to Meme Coins. The event runs from May 27, 2024, to June 2, 2024, and eligible users can participate in up to two WOTD games daily. The total prize pool of 500,000 points can be redeemed for USDT coupons and trading fee discounts. New users who register with the code “WOTD2024” can also enjoy a 10% discount on spot trading fees.
New Promotions and Network Support for Altcoins
Binance Futures has introduced three new promotions with a total reward pool of 110 TAO token coupons. New users who register for the promotion, make their first futures trade, and reach the minimum trading volume will be eligible for rewards based on their total trading volume during the promotion period, which runs from May 27, 2024, to June 2, 2024.
Support for Sei and Kadena Network Upgrades
Binance will support upcoming network upgrades and hard forks for Sei (SEI) and Kadena (KDA). To ensure a smooth user experience, Binance will temporarily suspend deposits and withdrawals for these tokens on the respective upgrade dates (May 27 for SEI and May 30 for KDA). Trading will not be affected during this period.
Additional Bonuses for CKB and BTC Miners
Binance Pool has announced a new promotion offering an additional 30,000 CKB to be shared among CKB or BTC miners. The promotion runs from May 27, 2024, to July 25, 2024, and the top 100 miners based on total hashrate contributions will be eligible for rewards.
Conclusion
Binance continues to enhance its platform with new updates and promotions, providing users with more opportunities to engage and benefit from its services. From leverage adjustments and educational games to network support and mining bonuses, Binance remains committed to offering a comprehensive and rewarding experience for its users.
