According to ChainCatcher, Binance is about to launch a new cryptocurrency LUMIA, bringing a variety of financial management and trading options. The LUMIA principal-guaranteed coin-earning current product will be available for subscription on the Binance principal-guaranteed coin-earning platform at 17:00 (Eastern Time) on October 18, 2024. Users can purchase LUMIA through credit cards, Google Pay, Apple Pay, etc., or use wallet balances for transactions.

Within one hour after LUMIA is launched on Binance spot, users can exchange it for BTC, USDT or other supported tokens, and the exchange is free of handling fees. In addition, Binance full-position and position-by-position leverage will also add LUMIA borrowable assets and LUMIA/USDT leverage trading pairs at 19:00 on the same day.