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September was one of Binance’s busiest months this year.
Last month, the world’s largest crypto exchange by trading volume kicked off the first Binance Blockchain Week Paris, a three-day event exploring the best of the Web3. They also expanded their growing suite of products, including introducing a more user-friendly way to earn crypto passive income.
At the same time, the team continued to drive product innovation. This is something that Binance sees as a key driver for growth in the industry. The team’s values have not changed despite negative market sentiment. They strive to continue to build for the users of Binance and the larger digital asset space.
Here is a quick summary of the biggest updates in the Binance ecosystem this month.
- We launched a new marketplace for crypto gift cards.
- Launched Simple Earn, a one-stop platform for passive crypto income.
- Added a new Web3 content feed for Binance Pro users.
- Invested in six Web3 projects through Binance Labs.
- BUSD is now available on Polygon and Avalanche.
- We made several important updates to the Binance app, including new trading tools and content discovery feeds.
- Launched Binance ID, a secure and frictionless login feature driven by OAuth2 and designed for third-party platforms.
Discovered the Binance Gift Card Marketplace
Binance Gift Card Marketplaceoffers practicality and extra fun with exclusive activities and three new types of crypto gift cards.
- Fixed Denominations
- Cash Back
- Mystery
Fixed denomination gift cards offer a more intuitive buying experience, allowing users to purchase cards loaded with a set amount of supported cryptocurrencies without the need for manual conversion in advance.
Meanwhile, mystery gift cards and cash-back gift cards offer users access to limited-time activities and the opportunity to win a share of crypto prizes. This September, Binance gave away $33,000 in MC and DEGO rewards. Stay tuned for more Binance gift card activity.
Introducing Simple Arn
Binance has revamped some of its most popular Binance Earn products, combining Flexible Savings, Locked Savings and Locked Staking into ainto a one-stop platform. Simple Earn
As the
title suggests, Simple Earn streamlines the crypto subscription process and provides an easy experience for earning rewards for digital assets. With one click, users can subscribe their favorite assets to a flexible plan that can be redeemed at any time, or to a fixed plan that grants higher rewards for fixed time subscriptions.
BinanceLab Web3 infrastructure support
This month,Binance Labswill be joining blockchain data company Bitgquery, Web3 infrastructure provider Mysten Labs, blockchain security company Salus Security, Layer 1 blockchain Aptos, social networking project Hooked Protocol, and naming services network Space ID, among six other projects in which it has invested.
As the official incubator and venture capital arm of Binance, Binance Labs continues to identify, support and empower promising Web3 projects that will fuel the growth of the larger ecosystem.
BUSD launches with Avalanche and Polygon
Avalanche and Polygonnetworks now support BUSD Avalanche and Polygonnetworks now support BUSD, offering users a fast and secure way to transfer regulated, 1:1 USD-backed stablecoins between platforms BUSD is also available in Ethereum,and BNBIt is also available on BNB Smart Chain, andalso available on BNB; available on BNB; available on BNB
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. Also available on Beacon Chain.
Binance also announced that users can now deposit any of their stablecoins, including USDC, USDP, and TUSD, and have them automatically converted to BUSD on Binance.com. The auto-conversion feature is an improvement from the previous offering where people could only trade USDC, USDP, TUSD, and BUSD separately, making it easier to trade them in one integrated order book. This update also means that people can withdraw any stablecoin using the BUSD balance at a 1:1 ratio.
New update to the Binance app
When Binance was first launched in 2017, the crypto trading experience was a basic interface with one chart and few tools. In contrast, the company’s philosophy has always been to provide all the tools users need or might need: detailed charts, order books, and much more, all wrapped up in an intuitive interface.
{Other Trading Tools}
{This month, Binance included tools such as daily percentage changes, token information, funding history, 1 second K-line charts, and a favorite coins list that can be viewed on the homepage. We have made several major updates to the trading interface of the Binance app. These additions allow users to see price changes (down to the second) in their local time zone while tracking the performance history of their favorite tokens.
Binance recently launched a revampedBinance Optionstrading platform offered on the Binance app. Individual traders can now hedge their portfolios and express their views on the market through European-style options contracts on a clean and intuitive user interface. If you are new to options trading, check out the completeguidecreated by Binance for more information.
Web3
Users of the Pro version of the Binance App may have noticed a newcontent discovery feedat the bottom of the homepage. This feed allows users to seamlessly explore the latest insights, events, and breaking news all in the Web3 space from the convenience of their smartphone.
Binance ID: Register and Login to Binance
Similar to Google, Apple, and Facebook login,allows users to register and sign in to third party platforms using their Binance account; please note that Binance does not own and is not affiliated with any third party platforms that support Binance ID
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