At Extreme Investor Network, we’re excited to share the latest news from Binance, one of the most prominent cryptocurrency exchanges in the industry. Binance has recently expanded its offerings by adding ZKsync (ZK) to its Simple Earn, Margin, and Futures platforms. This update is designed to provide traders with more opportunities and enhance their overall trading experience on the platform.
What is ZKsync on Binance?
ZKsync (ZK) is now available on Binance Simple Earn, Margin, and Futures, offering users a variety of options for trading and earning rewards. Starting from June 17, 2024, traders can earn passive income by holding ZK in their Simple Earn accounts. Additionally, ZK has been added as a borrowable asset on both Cross and Isolated Margin, allowing users to trade the ZK/USDT pair on these margin platforms.
Trading With ZKsync on Binance Futures
Binance Futures has also introduced the USDⓈ-M ZK Perpetual Contract, enabling users to trade with leverage of up to 50x. The contract went live on June 17, 2024, at 11:00 (UTC) with a maximum funding rate of +2.00% / -2.00%. Users can trade the ZKUSDT Perpetual Contract across multiple margin assets, subject to applicable haircuts, providing them with increased flexibility in their trading strategies.
Binance is committed to providing users with the resources and guidance they need to navigate the new offerings successfully. Traders are encouraged to check the Margin Data for the most up-to-date information on marginable assets and specific limits. It’s essential to exercise caution when trading digital assets due to the high market risk and price volatility associated with the crypto market.
Want to learn more about the exciting opportunities that ZKsync on Binance has to offer? Stay tuned to Extreme Investor Network for the latest updates and expert insights on cryptocurrency trading and blockchain technology.
Disclaimer: The information provided above is for educational and informational purposes only and should not be construed as financial advice. Be sure to conduct thorough research and consult with a financial advisor before making any investment decisions.