Cryptocurrency exchange Binance made important announcements for many altcoin projects today. Binance, the world's largest exchange, provided hard fork and network upgrade support for some altcoins, and also made new listings in the futures market. Here are the details of the exchange's announcements...
Binance has started offering new perpetual futures contracts in order to expand trading options and improve user experience on its Futures platform. Accordingly, altcoins WHY and CHEEMS have started trading on Binance Futures, and these altcoins have gained between 70% and 50% respectively. The new contracts will open for trading today at 14:45 GMT.
Binance has also completed the mainnet integration of its Cyber (CYBER) token. With this development, deposits and withdrawals have become active. CYBER is the ERC-20 and BEP-20 token of the Cyber network, a Web3-based social media protocol. Launched with an initial supply of 11,038,000 CYBER, the token accounts for 11.04% of the total supply and offers various functions such as voting within the network, payment convenience, covering gas fees, and usage on the CyberDAO platform.
Binance has announced that it will fully support the upcoming network upgrade and hard fork of the Ardor (ARDR) token. The Ardor network will suspend deposits and withdrawals on December 1, 2024 at 18:00 UTC. The hard fork and network upgrade will occur at the expected block height of 3,700,000 at around 19:00 UTC on the same day. Trading of ARDR and other tokens will not be affected during the upgrade. Binance will perform all technical adjustments on its behalf and users will not need to make any transactions. Once the upgrade is complete, deposits and withdrawals will be reopened. This action demonstrates Binance’s commitment to supporting blockchain development and minimizing user disruptions. Ardor (ARDR) is an open-source platform that caters to multiple blockchain networks.
Binance Options will launch BNBUSDT and SOLUSDT Monthly Options starting November 26. These options will be offered as European-style options contracts, allowing traders to take advantage of a wider range of trading options.