Tron is set to launch a gas-free stablecoin in Q4 2024, potentially revolutionizing peer-to-peer transactions and challenging fee-free services like PayPal's PYUSD.
Key Insights:
Tron is developing a gas-free stablecoin solution for quicker and cheaper P2P transactions.This innovation aims to eliminate gas fees for stablecoin transfers, addressing a major pain point in the crypto industry.The gas-free stablecoin could enhance P2P transactions for both individuals and businesses.Tron's solution is expected to compete with fee-free services like PayPal's PYUSD.The launch is anticipated in Q4 2024, with more details to come.

#TRON  #Stablecoins  #P2P  #GasFree  #Blockchain

The emergence of cryptocurrency exchanges like #Binance has transformed the landscape of financial trading, offering distinct advantages over traditional shares and classical brokerage services. These advantages range from lower #margin requirements and #futures trading benefits to around-the-clock market accessibility and educational resources, all while maintaining regulation and risk coverage.
Lower Margin Requirements
One of the primary advantages of using Binance over classical shares brokers is the lower margin requirements. Traditional brokerage services often require substantial capital to start margin trading, making it less accessible to smaller investors. In contrast, Binance allows users to engage in margin trading with significantly lower initial capital. This accessibility enables a broader range of traders to participate in the market, leveraging their positions without needing extensive funds.
Lower Futures Requirements
Futures trading on Binance is also more accessible compared to classical futures markets. Traditional futures trading often involves complex procedures, higher fees, and stringent requirements that can be prohibitive for individual investors. Binance simplifies this process, providing a platform where users can trade futures with lower requirements and more straightforward processes. This democratizes access to advanced trading strategies, enabling more participants to hedge their investments or speculate on future price movements.
24/7 Market Accessibility $BTC $ETH $BNB

Unlike traditional stock markets, which operate during specific hours on business days, #cryptocurrency markets are open 24/7. This continuous operation means that traders can respond to market events and news in real-time, without having to wait for the market to open. This flexibility is particularly beneficial in the fast-paced world of cryptocurrency, where prices can be highly volatile and opportunities can arise at any time. The 24/7 accessibility also suits global traders across different time zones, offering a more inclusive trading environment.
Lower Fees
Trading on Binance typically incurs much lower fees compared to traditional brokerage services. Classical brokers often charge higher commissions and fees for transactions, which can eat into the profits of traders, especially those who engage in frequent trading. Binance’s fee structure is designed to be more cost-effective, making it an attractive option for both small-scale and high-frequency traders. The reduced cost of trading enhances overall profitability and lowers the barrier to entry for new traders.
Regulation and Risk Coverage
Despite the innovative and often decentralized nature of cryptocurrencies, platforms like Binance operate in a regulated manner, ensuring a level of security and compliance with international financial standards. Binance adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, which helps in building trust among users and regulators. Additionally, Binance provides various risk management tools and insurance funds to protect traders from unforeseen losses, adding an extra layer of security and confidence in the platform.
Margin and Futures Trading
Binance offers robust margin and futures trading options, allowing users to leverage their positions and engage in more sophisticated trading strategies. Margin trading on Binance enables users to borrow funds to increase their buying power, amplifying potential profits (though it also increases potential losses). Futures trading allows users to speculate on the future price of cryptocurrencies, with the ability to trade with leverage. These features provide traders with a range of tools to maximize their returns and manage their risk more effectively.
#P2P Ease and Security
Another notable advantage of using Binance is the ease and security of its peer-to-peer (P2P) services. Binance's P2P platform allows users to send funds and make payments directly to one another without intermediaries, offering a convenient and secure method for transactions between clients and businesses. This system not only reduces transaction costs but also speeds up the transfer process, making it ideal for both personal and business use. The P2P platform is fortified with robust security measures, ensuring that transactions are safe from fraud and theft.
Educational Resources
Beyond trading, Binance is committed to educating its users through a variety of resources. The platform offers tutorials, webinars, and articles that help traders understand the complexities of cryptocurrency markets and develop their trading skills. This educational support is crucial for new traders, providing them with the knowledge they need to trade confidently and responsibly. The focus on education also helps in fostering a more informed and skilled trading community.
Security and Asset Storage
Security is a paramount concern in the world of cryptocurrency, and Binance has established itself as a reliable platform for storing digital assets. Binance employs state-of-the-art security measures, including advanced encryption, multi-factor authentication, and cold storage solutions to protect users' assets from cyber-threats. The platform’s commitment to security ensures that traders can store their cryptocurrencies safely, reducing the risk of theft or loss.
Conclusion
Binance and similar cryptocurrency exchanges offer numerous advantages over traditional shares and classical brokers. With lower margin and futures requirements, around-the-clock market accessibility, lower fees, and robust security measures, Binance provides a formidable trading environment. The platform’s commitment to regulation, risk coverage, ease and security of P2P transactions, and education further enhances its appeal, making it a preferred choice for both novice and experienced traders. As the financial landscape continues to evolve, the benefits of using cryptocurrency exchanges like Binance over classical trading methods are becoming increasingly evident, solidifying their position as indispensable tools in modern finance.

Binance: Revolutionizing the Cryptocurrency Landscape

Cryptocurrencies have taken the financial world by storm, offering a decentralized and secure alternative to traditional currencies. Among the leading platforms driving this digital revolution is Binance, a global cryptocurrency exchange that has emerged as a dominant force in the industry. In this article, we will explore how Binance operates, its key features, and the various revenue streams that contribute to its success.

Binance's Unique Business Model

At its core, Binance combines digital technology with finance, providing users from over 180 countries with a wide range of cryptocurrency-related services. While its primary offering is a cryptocurrency exchange, Binance goes beyond traditional trading by incorporating innovative features and services.

The Binance Exchange

Binance's flagship product is its cryptocurrency exchange, catering to both individual and institutional traders. With over 600 different currencies available for trading, Binance offers an extensive selection of cryptocurrencies and digital tokens, with a particular emphasis on altcoins. Its trading features include margin trading, #P2P trading, and various order types such as stop-limit and market orders.

Binance Coin (BNB)

Binance has its native cryptocurrency, Binance Coin ( #BNB ), which operates on the Binance blockchain. BNB serves multiple purposes within the Binance ecosystem, including providing financial advice, facilitating electronic fund transfers, and allowing users to accrue interest on their holdings. Moreover, BNB can be used as security for borrowing, staking, or making purchases with the Binance debit card. $BNB

Expanding Services for Corporate Customers

In addition to serving individual traders, Binance has developed a range of services tailored to corporate customers. One notable example is its token issuance program, enabling companies to create their own tokens. Binance also offers a widget and an application programming interface (API) that empowers businesses to offer their exclusive brokerage products. The Binance Cloud, another service, provides a complete solution for partners to quickly establish digital asset exchanges.

Revenue Streams: How Binance Generates Income

Binance operates various revenue streams that contribute to its financial success. Let's explore some of the key sources of revenue for the platform.

1. Spread

Since April 2021, Binance has introduced the option for users to purchase stock tokens, representing real-world stocks like Apple or Tesla. While there are no transaction costs involved, Binance generates revenue through the spread, which refers to the difference between the buy and sell prices.

2. Broker Program

Binance collaborates with crypto brokers worldwide, providing services such as account management, order matching, and personalized marketing advice. Brokers are incentivized to attract new customers, and Binance earns revenue through trading fees and commission sharing arrangements.

3. Trading Charges

Binance charges fees for #cryptocurrency trading, with the standard fee set at 0.1%. Trading fees in BNB are charged at a reduced rate. The platform also offers margin trading and futures contracts, which carry higher fees due to their increased risk and complexity.

4. Cloud Offerings

Binance's cloud product enables partners to launch their digital asset exchanges quickly. Revenue is generated through a combination of an annual subscription fee and a commission on trading fees, tailored to the partner's volume and target customer base.

5. Interest on Crypto Loans

Binance operates a lending platform where users can borrow funds against their cryptocurrency holdings. Interest collected on these loans contributes to Binance's revenue. Users also have the option to earn interest on their cryptocurrency deposits through Binance Earn, with annual percentage yields of up to 21.6%.

6. Transaction Costs

With its debit card offering, #Binance charges transaction fees on payments and ATM withdrawals. These fees, along with interchange fees, contribute to Binance's revenue. Visa, Binance's partner, retains a portion of the interchange fees.

7. Mining Services

Binance operates mining pools for Bitcoin and Ether, charging pool fees for participation. Miners can automatically switch their hash rate between different cryptocurrencies, increasing their earnings through Binance's Smart Pool service.

Driving Innovation and Growth

Binance's commitment to innovation is evident through its continuous expansion of services and strategic investments in the cryptocurrency and DeFi space. The platform's growth is fueled by revenue from trading fees, broker programs, interest on loans, cloud offerings, transaction costs, and mining services.

As Binance revolutionizes the cryptocurrency landscape, governments worldwide are taking notice, presenting regulatory challenges. Nevertheless, Binance's dominance and adaptability position it for rapid growth as cryptocurrencies become more widely accepted globally.

In summary, Binance's unique business model, coupled with its diverse revenue streams, has solidified its position as a leading cryptocurrency exchange. Through its innovative approach, Binance continues to shape the future of finance by providing users with secure, efficient, and user-friendly cryptocurrency services.

#GOATMoments $BTC $ETH

Paxful, the largest P2P exchange, abruptly shut down as a result of a struggle between the two co-founders for ownership of the business while they were battling it out in a recent court dispute.

Artur Schaback and Mohamad (Ray) Youssef, the two co-founders of the #Paxful #bitcoin #P2P marketplace, are embroiled in a nasty legal battle in Delaware, USA.

This could have been the real reason why the market closed unexpectedly on April 4. According to court filings, Schaback and Youssef, who co-founded Paxful in 2015, are currently litigating for ownership of the business and leveling several accusations against one another.

Due to conflicts with Paxful CEO Youssef regarding the future and operation of the market, particularly "newspapers" continued reporting to unknown groups, Schaback, who led the company until February 2022, was prohibited from running it.

A significant portion of the company's bitcoin was transferred to "EMiR," a non-legitimate Turkish software company. Schaback stated:

“It does not have a website publicizing software or web development services and its physical address […] appears to belong to a clothing company.”

Dekslektika, a putative subcontractor who allegedly received funds from EMiR, is a St. Petersburg, Russia-based business controlled by a former Paxful official. These companies are purportedly in charge of "significant non-conventional transactions" that allegedly began as soon as Schaback's access to the company's operations was restricted, per court records.

Youssef claimed that the claims related to Schaback's refusal to pay a Turkish engineering firm that was employed by this business, which led the team of 80 engineers to cease operations. Youssef claimed that keeping Schaback at Paxful was impossible because his team was about to quit.

In an interview, Schaback said that on April 4, Youssef arbitrarily shut down Paxful. He contends that Youssef's actions are meant to remove me and the other shareholders from his plan and centralize control in nations outside of the United States. Schaback claimed he had restricted access to firm information and hasn't taken part in day-to-day operations for the past 18 months.

As was previously noted, Paxful, one of the largest peer-to-peer (P2P) cryptocurrency exchanges in the world by volume, has declared that its market has been stopped and that an opening date has not yet been set.

This news is republished from https://coinaquarium.io/

#crypto2023 The Tron (TRX) Network is set to undergo a major upgrade on July 11th, and TRX and other key metrics have seen a steady uptrend as the upgrade approaches. The upcoming Periander upgrade brings significant enhancements to the Tron Network, while TRX experiences a surge in on-chain metrics.

Tron Network’s latest update, Great Voyage—v4.7.2 (Periander), introduces four critical upgrades aimed at enhancing the functionality and usability of the network. These upgrades include an advanced Stake 2.0 mechanism, seamless compatibility with Ethereum’s EIP-3855, streamlined smart contract interface calling, and a revamped P2P network module.

Tron’s Periander Upgrade

The new Stake 2.0 mechanism offers users greater flexibility in staking and unstaking their resources, with the ability to customize lockup periods for delegated resources according to their individual needs.

The compatibility with Ethereum’s EIP-3855 promotes interoperability between the two ecosystems, attracting more developers to TRON and reducing migration costs for projects across both chains.

Related Reading: XRP, Cardano Among Altcoins To Keep An Eye On: Santiment

On the other hand, the streamlined smart contract interface calling provides developers with estimated transaction fees for deploying their contracts, simplifying the development of smart contracts.

Finally, the revamped #P2P network module enhances the connection efficiency, availability, scalability, and transmission efficiency of the TRON network.

TRON founder Justin Sun emphasized the organization’s commitment to fostering the growth of the TRON ecosystem, attracting more developers, capital, and users to the platform.

With over 169 million users worldwide, TRON has processed more than 6 billion transactions and boasts a total value locked (TVL) of over $5 billion. It has built a comprehensive ecosystem encompassing NFTs, DeFi, GameFi, stablecoins, the metaverse, and cross-chain solutions, and hosts the largest USDT circulating supply worth over $46 billion, making it an industry leader.

Overall, the TRON MainNet Periander upgrade brings significant improvements to the Tron Network, providing greater flexibility, compatibility, and efficiency to its users and developers. The upgrade encourages greater participation in the network, attracts more developers to the platform, and stimulates the growth of the ecosystem.

The revamped P2P network module provides a robust infrastructure that empowers developers and users to explore new possibilities and drive innovation within the TRON ecosystem.

On-chain Metrics Show Bullish Trend For TRX

As the TRON Network’s upgrade day approaches, the platform has experienced a notable uptick in its on-chain metrics, according to data from DeFiLlama.

Since the beginning of the month, TRX’s trading volume has seen a gradual increase, which indicates that there is growing demand for the token. In the last few days, TRX’s trading volume has reached over $9 million.

Additionally, the network activity on TRON has also been rising in recent weeks. On-chain activity, such as the number of transactions and unique addresses, is an essential metric to consider.

In the lead-up to the upgrade, TRON’s on-chain activity has increased, which suggests that there is a growing demand for TRX. In the last three days alone, there have been over 20 million transactions on the TRON network.

This growing network activity and usage of the #TRON network are positive indicators for the TRON ecosystem and could lead to further growth in the future.

On the flip side, TRX has been on an uptrend since June 20th, starting from a value of $0.06788 and now trading above the $0.07784 mark. This represents a considerable gain of 13% over the last 14 days and 4% in the seven-day period.

However, #TRX is currently facing its yearly high resistance at the same trading level. This could potentially create a delay in reaching new yearly highs if it is unable to surpass its nearest resistance.

#dyor