Binance, the largest cryptocurrency exchange by trading volume, has made new announcements for various altcoin projects. According to the statements, new additions were made to the Loans platform. There were also cryptocurrencies added to staking accounts. Here are the details…
Binance adds Kadena and BOND to Loans platform
The exchange added KDA to its Loans platform as a collateral asset. On the other hand, it added BOND as a loanable asset. The lending platform offers a wide variety of options for supported crypto assets, interest rates, collateral assets and maximum loanable limits based on market conditions and internal risk management.
cryptocoin.com As we reported, Kadena combines the PoW consensus mechanism from Bitcoin with DAG principles to deliver a scalable version of Bitcoin. Kadena claims that it can secure Bitcoin while offering unparalleled efficiency that makes Blockchain available to businesses and entrepreneurs alike. On the other hand, BarnBridge, founded in 2019, is a protocol for tokenizing risks. It entered the market in September 2020.
You can now buy this cryptocurrency with your credit card
Cryptocurrency platform has shared its new fiat-based listings for buying crypto with crypto/debit card. Users can now purchase WTC with major fiat currencies using credit/debit cards.
- New fiat currencies available to buy WTC: AUD, BGN, BRL, EUR, GBP, PLN, RUB, TRY, UAH
Also, users can now buy LEVER with recurring purchase service with major fiat currencies. The new fiat currencies available for LEVER purchase are EUR, GBP. LeverFi is backed by LEVER, a management token with a total supply of 35 billion.
Old tokens are replaced with new ones
Binance will conduct a final round of conversions for the following legacy tokens for eligible users with balances in their spot wallets. These are legacy tokens that have gone through previous token exchange, renaming or merger events. They are no longer available for trading on Binance. You can see the list of these coins below:
Binance adds ACA to these platforms
Finally, Binance Earn has added ACA to its list of assets supported by Locked Staking and Flexible Savings. Acala is a Polkadot-secured Blockchain platform, as well as a network that allows users to transact in Acala Swap, issue self-service loans with the Acala Dollar stablecoin (aUSD). You can become a liquidity provider on the network, you can access staking derivatives with Liquid DOT staking (LDOT). The network is scalable, Ethereum compatible and optimized for DeFi. The network has also been featured with its plan to bridge to other networks such as Ethereum, Bitcoin, and Acala’s Compound Gateway, for which it received an inaugural grant from Compound.
