Besides 100x leverage, BexBack introduces new U-based leverage trading options with 25x, 50x, and 75x leverage. These options provide traders with more risk management flexibility while amplifying potential returns. The platform has also included 45 new popular trading pairs, broadening the array of tradable assets and presenting more strategic investment opportunities.

100x leverage essentially allows you to open larger trading positions with less capital. For instance, if Bitcoin’s price is $100,000 for the day and you open a long contract with 1 BTC, using 100x leverage, the transaction amount equates to 100 BTC. If the price rises to $105,000 a day later, your profit will be 500%, a significant return.

BexBack also offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit could escalate to 10 BTC, and the ROI would double to 1000%. However, it’s crucial to be mindful of liquidation risks associated with leveraged trading.

The deposit bonus from BexBack cannot be directly withdrawn but can be utilized to open larger positions and enhance potential profits. It also serves as an extra margin during substantial market fluctuations, effectively reducing the risk of liquidation.

BexBack is a premier cryptocurrency derivatives platform, offering 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50 other major cryptocurrencies for futures contracts. It operates from Singapore with offices in various global locations and holds a US MSB (Money Services Business) license. Trusted by more than half a million traders worldwide, BexBack accepts users from the US, Canada, and Europe. The platform offers top-notch services, including 24/7 customer support.

If you missed the previous crypto bull run, this could be your opportunity. With BexBack’s 100x leverage, 100% deposit bonus, and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run. Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

The post BexBack Introduces U-Based Leverage Trading from 25x to 100x, Expands Trading Pairs, and Offers Double Deposit Bonus Without KYC appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

In our ongoing efforts to enhance trading experience, Binance Margin will be removing a comprehensive list of trading pairs. These include:

• BEL/BUSD
• BOND/BUSD
• BURGER/BUSD
• C98/BUSD
• CTXC/BUSD
• ENS/BUSD
• FLUX/BUSD
• ICX/BUSD
• IOTX/BUSD
• KAVA/BUSD
• KDA/BUSD
• LAZIO/BUSD
• MINA/BUSD
• NEO/BUSD
• OCEAN/BUSD
• ONT/BUSD
• POND/BUSD
• QNT/BUSD
• REEF/BUSD
• SANTOS/BUSD
• SFP/BUSD
• SUPER/BUSD
• STG/BUSD
• TLM/BUSD
• VIB/BUSD

Timeline to Note:

• October 2nd, 2023, 06:00 (UTC): Isolated margin borrowing for these pairs will halt.
• October 6th, 2023, 06:00 (UTC): All the above pairs will witness an automatic cancellation of pending orders, closure of user positions, and subsequent settlement. Post this, they’ll be delisted from Binance Margin.

Essential Details:

• These assets can still be traded using other pairs on Binance Margin.
• Users are cautioned not to modify their positions during delisting. We strongly urge the closure of positions or transferring funds from Margin Wallets to Spot Wallets before October 6th. Binance will not be accountable for any potential losses.

For any discrepancies between this version and others, the English version will be considered definitive.

Your trust drives us. Thank you for your unwavering support.

The post Binance Set to Delist Numerous Margin Trading Pairs on October 6th, 2023 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

In our ongoing effort to provide the best trading experience, Binance is making essential changes to our trading pairs.

Upcoming Trading Pair Additions:

On September 22nd, 2023, at 08:00 (UTC), brace yourselves as Binance inaugurates trading for the following spot trading pairs:

• ARK/USDT
• CREAM/USDT
• FTT/USDT
• GFT/USDT
• IQ/USDT
• USDT/VAI

Scheduled Removal of Trading Pairs:

Be informed that on September 29th, 2023, at 03:00 (UTC), Binance will discontinue the following spot trading pairs:

• ARK/BUSD
• CREAM/BUSD
• FTT/BUSD
• GFT/BUSD
• IQ/BUSD
• BUSD/VAI

Key Points to Remember:

• A trading pair’s removal doesn’t impact the token’s presence on Binance Spot. Traders can still engage with the base and quote assets via other available trading pairs on Binance.
• By September 29th, 03:00 (UTC), Spot Trading Bots services for the delisting pairs will end. To steer clear of potential losses, ensure to modify or terminate your Spot Trading Bots accordingly.
• We recommend converting your BUSD assets on Binance before February 2024. Avail the option to exchange your BUSD for FDUSD at zero trading charges, or shift your BUSD to FDUSD on a 1:1 ratio via our conversion portal.

The post Binance Announces Trading Pair Updates for 2023 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Key Takeaways

• Periodic Binance Reviews: Binance consistently evaluates the performance of its spot trading pairs to ensure an optimal trading experience.
• Upcoming Delisting Schedule: Several spot trading pairs will be delisted on different schedules, ranging from 2023-09-22 03:00 UTC to 2023-09-22 07:00 UTC.
• Spot Trading Bots Affected: Binance will also be terminating Spot Trading Bots services for these trading pairs. Users are advised to make necessary adjustments.
• BUSD Conversion: Users have the option to trade their BUSD balances for FDUSD at zero trading fees or convert at a 1:1 ratio using a special portal.

Criteria for Delisting

The quality of the trading market is crucial to Binance, which is why they conduct thorough reviews to determine the pairs that fall short of the platform’s high standards. Key factors such as poor liquidity and insufficient trading volume have been cited as grounds for delisting.

What to Do Next

If you hold any of the assets in the soon-to-be delisted trading pairs, don’t worry. These tokens will still be available for trade in other trading pairs on the Binance platform. Furthermore, Binance recommends updating or cancelling Spot Trading Bots to prevent potential losses due to these changes.

Final Remarks

In summary, these adjustments are part of Binance’s commitment to offering a secure and high-quality trading experience. Make sure to adjust your trading strategies accordingly to adapt to these changes.

The post Important Binance Update: Removal of Select Trading Pairs to Maintain Market Quality appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.