Fellow Binancians,
Binance will support the Render (RNDR) token swap and rebranding to Render (RENDER).
At 2024-07-22 03:00 (UTC), Binance will delist all existing RNDR spot trading pairs (i.e., RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL) and cancel all pending RNDR spot trading orders.
At 2024-07-26 08:00 (UTC), Binance will open trading for the RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL trading pairs.
General
Deposits and WithdrawalsAt 2024-07-22 03:30 (UTC), deposits and withdrawals of Render (RNDR) will be suspended. Please ensure that you leave sufficient time for your RNDR deposits to be fully processed prior to this time. Binance will make a separate announcement after the event is completed.After the event is complete, deposits and withdrawals of RNDR tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information.
Swap Details
RNDR tokens will assume the ticker of RENDER at Binance;
All RNDR tokens will be swapped to RENDER at a ratio of 1 RNDR = 1 RENDER.
Spot
At 2024-07-22 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for RNDR. The exact trading pairs being removed are: RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR and RNDR/BRL.All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-07-22 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2024-07-21 03:00 (UTC) - after this time, any outstanding spot trading pairs will be force sold at market price. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2024-07-21 03:00 (UTC) to avoid potential losses.Binance will open trading for the RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL trading pairs at 2024-07-26 08:00 (UTC).
Futures
Binance Futures will close all positions and conduct an automatic settlement on the RNDRUSDT USDⓈ-M Perpetual Contracts at 2024-07-16 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract(s) starting from 2024-07-16 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the RNDRUSDT USDⓈ-M Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.At 2024-07-16 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the RNDRUSDT symbol.
Margin
Binance Margin will delist the RNDR/BTC, RNDR/USDC, and RNDR/USDT cross margin pairs, and RNDR/BTC and RNDR/USDT isolated margin pairs at 2024-07-17 06:00 (UTC).At 2024-07-12 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the aforementioned isolated margin pairs.At 2024-07-17 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs. These pairs will then be removed from Binance Margin.
Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallet to Spot Wallet prior to the cessation of margin trading at 2024-07-17 06:00 (UTC). Binance will not be responsible for any potential losses.
Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-07-17 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet. All RNDR balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-07-17 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information. A separate announcement will be made for relisting.
Loans
From 2024-07-17 03:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for RNDR (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding RNDR loans before 2024-07-17 03:00 (UTC) to avoid any potential losses.Please refer to the Binance Loans (Stable and Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
Earn
From 2024-07-19 03:00 (UTC), Binance Simple Earn will cease support for RNDR Simple Earn Flexible Products and subscriptions will no longer be available. For existing subscriptions, RNDR balances in Simple Earn Flexible Products together with any accrued rewards, will be automatically redeemed and credited to users’ Spot Wallets after 2024-07-19 03:00 (UTC). Users may also choose to redeem their assets from RNDR Simple Earn Flexible Products anytime before 2024-07-19 03:00 (UTC).Binance Simple Earn will assist impacted users by resubscribing for RENDER Flexible Product, according to the above swap ratio after the event is complete.
Binance Pay
At 2024-07-22 03:00 (UTC), Binance will remove RNDR from the list of supported cryptocurrencies on Binance Pay.
Gift Card
At 2024-07-22 03:00 (UTC), Binance will no longer support the creation of RNDR Gift Cards.While users may proceed to redeem any unredeemed RNDR Gift Cards for RNDR tokens before 2024-07-22 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to the RENDER tokens.After 2024-07-22 03:00 (UTC), all unredeemed RNDR Gift Cards will be automatically converted to RENDER tokens.
Convert
Binance Convert will maintain a sell-only function for RNDR and all associated pairs from 2024-07-18 03:00 (UTC) to 2024-07-22 02:00 (UTC). Binance Convert will subsequently delist RNDR and all associated pairs at 2024-07-22 02:00 (UTC).
Auto-Invest
Binance Auto-Invest will delist RNDR after 2024-07-16 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
Buy & Sell Crypto
At 2024-07-18 03:00 (UTC), Buy & Sell Crypto will delist RNDR and all associated pairs.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-07-10

According to Cointelegraph: Recent research by on-chain data analytics firm CryptoQuant suggests that Bitcoin's bull cycle is not yet over, despite a 13% decline in BTC value from its newest record high. The dip from $73,835 to just above $60,000 is regarded as a "pre-halving retrace" ahead of Bitcoin's looming halving event.

BTC/USD daily chart. Source: TradingView

CryptoQuant's "Weekly Crypto Report" reveals that only 48% of Bitcoin investment comes from short-term holders, whereas a typical bull cycle concludes with 84%–92% of investment from such investors. Furthermore, Bitcoin's valuation metrics are currently lower than levels usually seen at market peaks, further strengthening the case for the continuation of the bull cycle.

Bitcoin realized cap — OTXO age bands percentage. Source: CryptoQuant

The impending Bitcoin halving event, currently less than a month away, is expected to further boost BTC price. This event will cut miner block rewards by 50%, from 6.25 BTC to 3.125 BTC, and has historically triggered significant Bitcoin bull runs.

Bitcoin: CryptoQuant profit and loss (PnL) index. Source: CryptoQuant

Standard Chartered Bank has accordingly adjusted its BTC price forecast for 2024 from $100,000 to $150,000, speculating on a $250,000 cycle top in 2025 before settling around $200,000. Their analysis takes the impressive performance of spot Bitcoin exchange-traded funds and the novel market dynamics they introduce into account.

Bitcoin halving countdown. Source: CoinMarketcap

This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is pleased to introduce Mock Copy Trading. This is an all-new feature, which will allow eligible users to fully experience the different features available on Copy Trading without opening any real positions as they each receive a virtual amount of funds worth 10,000 USDT.
To mark this milestone, Binance will extend a new Mock Copy Trading promotion, where eligible participants will stand to share a total of 30,000 USDT in rewards. Explore Copy Trading now with the new Mock Copy Trading feature without incurring any costs or risks!
Join the Promotion Now!
Promotion Period: 2024-01-18 00:00 (UTC) to 2024-01-31 23:59 (UTC)
Promotion A: Join Mock Copy Trading Competition & Share 15,000 USDT in Rewards
All eligible users who register for the promotion and create at least one new mock copy trading portfolio will be ranked by their total Profit and Loss (PnL) across all active mock copy trading portfolios during the Promotion Period. Qualified participants will then be eligible to share 15,000 USDT in token vouchers, as per the table below.
Promotion B: Join Copy Trading Competition & Share 15,000 USDT in Rewards
Similarly, all eligible users who register for the promotion and create at least one new copy trading portfolio will be ranked by their total PnL across all active copy trading portfolios during the Promotion Period (including realized and unrealized PnL). These participants will then qualify to share 15,000 USDT in token vouchers, as per the table below.
Overall Rewards Structure:
Rankings Based on the Total PnL of Mock Copy Trading Portfolios/Copy Trading PortfoliosMock Copy Trading Rewards for Promotion A (in Token Voucher) Copy Trading Rewards for Promotion B (in Token Voucher)1st Place2,500 USDT2,500 USDT2nd Place1,500 USDT1,500 USDT3rd Place500 USDT500 USDT4th - 5th PlacesEqually split 500 USDTEqually split 500 USDT6th - 10th PlacesEqually split 500 USDTEqually split 500 USDT11th - 50th PlacesEqually split 2,000 USDTEqually split 2,000 USDT51st - 100th PlacesEqually split 2,500 USDTEqually split 2,500 USDTAll Remaining Eligible Participants Equally split 5,000 USDTEqually split 5,000 USDT
How to Start Mock Copy Trading
Step 1: Log in to your Binance account and go to [Futures] - [Copy Trading].Step 2: Choose a portfolio to copy. You may filter portfolios by their Return on Investment (ROI), PnL, Maximum Drawdown (MDD), etc.Step 3: Click [Mock Copy]. After selecting [Start], the system will automatically allocate a ​​virtual amount of funds of 10,000 USDT to your Mock Copy Trading portfolio.
Guides & Related Materials
Binance Futures Launches Copy TradingHow to Use Copy Trading on Binance FuturesHow to Use Mock Copy Trading on Binance Futures
Terms and Conditions
Only verified users from eligible regions who click "Register Now" on the promotion page during the Promotion Period may qualify for rewards from these promotions.Up to ten portfolios can be copied or mock copied at the same time. Participants’ total PnL in each promotion must be positive to be entered into the rankings of the respective promotion. Rewards Distribution:USDT token voucher rewards will be distributed to eligible users within 14 working days after the promotions end. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. The validity period for vouchers is set at 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem voucher rewards. These promotions are only available to users who are enabled for Binance Futures Copy Trading services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures Copy Trading services in each country from which the services are accessed.Binance reserves the right to disqualify any participants showing any signs of fraudulent behavior immediately (e.g., wash trading, bulk account registrations, self dealing, market manipulation, and more).Binance reserves the right to determine and/or amend or vary these Terms & Conditions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done if it is justified due to important reasons, including:Changes in applicable regulations or policies;Obligations arising out of law or decisions issued by common courts or public administration;Anti-money laundering or combating financing terrorism rules;Technical issues beyond our control;Necessity to protect users from potential losses;Necessity to protect Binance from the loss of reputation.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-17