Binance Weekly Report: Futures in the Lead, P2P in South America, Instant Buy Now Global

In this weekly report (March 16 to 22, 2020): Binance adds five Latin American currencies to the P2P platform, while Binance Futures hits record highs in volume, and Instant Buy is now available worldwide.

Binance Futures Updates

1. Binance Futures BTC contract takes the lead. A milestone for Binance Futures: our BTC perpetual contract has recently become the No. 1 contract based on 24-hour volumes. Just a few days prior, we reach an all-time-high volume of 9 billion USD in 24-hour volumes. For more milestones and news, go to the latest Binance Futures Review for this month.

2. Binance Futures studies the impact of the recent market sell-off. Our latest blog from Binance Futures elaborates on how exchanges are affected by the latest sell-off, and what it means moving forward.

3. New article: Exploring Market-Neutral Strategies in Crypto-Derivatives. In another article, Binance Futures also continued to explore the applications of synthetic trading pairs by developing trading strategies.

4. Get up to 40% commission as a Binance Futures affiliate. If you have 5,000+ followers, lead a community with 500+ members, or own a website with 2,000+ daily visits, apply now!

5. New to Binance Futures Market Maker program: negative maker fees. Qualifying market makers can now receive a negative maker fee for selected trading pairs. Email us to join the program.

6. XTZ/USDT contract increases maximum leverage to 75x. 

Binance Fiat and Stablecoin Updates

7. Binance integrates five Latin American currencies into the P2P platform. Peer-to-peer (P2P) trading has launched for Brazilian Real (BRL), Argentine Peso (ARS), Colombian Peso (COP), Mexican Peso (MXN) and Peruvian Sol (PEN). 

8. BUSD leads in stablecoin market cap change. Showing how much BUSD has grown, the Binance-branded stablecoin recorded 124% growth month-to-date, according to ICO Analytics.

Binance Exchange Updates

9. Instant Buy now available worldwide. Buy crypto in seconds using the US dollar, Euro, or British pound with a Visa card. Binance also added seven more currencies (VND, BRL, AUD, IDR, ZAR, HKD, and INR) to Instant Buy.

10. Binance Community Coin Vote Round 7: STP Network (STPT) vs. Iris Network (IRIS). Voting starts March 24.

11. Binance Lending expands flexible deposits to five more tokens: ETH, BCH, EOS, ETC, and LINK.

12. Support for the Steem hard fork initiated by the Hive.io team. We will also distribute the new HIVE token to users holding STEEM.

13. Support for the COCOS mainnet token swap.

14. Second-batch distribution of Binance Staking rewards for February 2020 now complete. 

15. Removal of five trading pairs. 

Binance Ecosystem Updates

16. Binance, WazirX create 50 million USD Blockchain for India fund. This joint initiative will support the development and growth of blockchain startups in India. To join, email us your project information and business presentation. 

17. Binance Info revamps. Find information about the crypto projects that matter to you the most, without the clutter that comes with following too many feeds on various social media channels.

18. Binance X publishes the first newsletter for 2020. Find out the latest projects and developments from the various coders, projects, and teams supported by Binance X.

19. New articles from Binance Academy: 

• A Beginner’s Guide to Leveraged Tokens

• A Guide to Mastering Fibonacci Retracement

• The Ultimate Guide to Earning Crypto with Binance Lending

20. New article on Binance Research: What is Ethereum?

From the Binance Team

21. Is Bitcoin a Safe Haven? A Note from CZ. “In 2008, we didn’t have much of a choice but to hope the system that caused the problems will somehow magically heal itself. But this time, people have more choices,” said Binance CEO CZ (Changpeng Zhao).

22. CZ interview on Crypto Finder. The Binance CEO discussed crypto and global markets, as well as opportunities for Bitcoin and altcoins.

23. Binance.US CEO: Stablecoins Make Stimulus Sending More Efficient. In an opinion piece written for CoinDesk, Binance.US CEO Catherine Coley suggested that paying out the stimulus through stablecoins would be cleaner and cheaper than sending checks in the mail. She also guested on the ‘Stache My Crypto podcast to talk about financial inclusion in the U.S.

24. Binance Review,  Month 32: P2P’s Spread, Futures’ Highs.  The narrative from Binance’s Month 32: We opened up Binance P2P worldwide, hit record highs with Binance Futures, helped fight against COVID-19 through Binance Charity, and more.

25. Wanted: Graphics and UI/UX Designers. We’re hiring pros around the world.

Promos

26. DONE: Binance Futures BTC cross collateral campaign. All 50,000 USDT in vouchers were claimed before the end of the promotion on March 21.

27. DONE: $30,000 TRX competition.

28. DONE: $5,000 USDT futures voucher promo for the Philippines. Promo ended March 22.

29. NEW: Zero-Fee promotion on AUD crypto purchases via Binance Lite. Use the Australian dollar to buy crypto on Binance with no fees. Promo runs until March 31. 

30. NEW: $5,000 USDT futures vouchers promo in for Malaysia. Promo runs until March 26.

31. NEW: Binance Vietnam community content contest. $2,500 in prizes to give away. Promo ends April 2.

That’s a wrap for last week! Follow us on Twitter, Instagram, Facebook, and YouTube, and join our official Binance Telegram group to talk more with our community.