Binance, the leading global cryptocurrency exchange, is thrilled to announce the inclusion of Pixels (PIXEL) into its diverse range of services. The strategic expansion incorporates PIXEL into Binance Simple Earn, and Binance Convert, as well as upcoming integrations with Binance Margin, Binance Futures, and Binance Auto-Invest.
These enhancements are designed to provide Binance users with a broad spectrum of investment and trading options for PIXEL, catering to a variety of preferences and strategies.
Expanding investment horizons with PIXEL
Starting immediately, users have the opportunity to engage with PIXEL through Binance Simple Earn. The feature allows for a subscription to PIXEL Flexible Products, offering a flexible and user-friendly way to earn interest on cryptocurrency holdings. Furthermore, from February 21, 2024, Binance Auto-Invest will enable users to purchase PIXEL, utilizing any payment method supported on the platform, thereby simplifying the investment process and making it more accessible.
Binance Convert now supports PIXEL, enabling users to trade PIXEL against major cryptocurrencies like BTC and USDT, as well as other tokens supported by Binance Convert. The service is offered at zero fees, underscoring Binance’s commitment to providing cost-effective trading solutions. The introduction of PIXEL into Binance Convert ensures a seamless and efficient trading experience for users looking to diversify their portfolios with PIXEL.
Leverage and margin trading capabilities
On February 19, 2024, Binance Margin will enrich its offerings by adding PIXEL as a new borrowable asset on both Cross and Isolated Margin, along with the PIXEL/USDT trading pair. The addition enhances the flexibility and potential for profit by allowing users to engage in leveraged trading with PIXEL, amplifying their trading strategies.
Simultaneously, Binance Futures will debut the USDⓈ-M PIXEL Perpetual Contract, providing up to 50x leverage. The introduction marks a significant milestone for traders looking to capitalize on the volatility and liquidity of PIXEL, with the contract featuring a capped funding rate of +2.00% / -2.00% and settlement in USDT. The contract will be available for trading 24/7, ensuring constant access to the market.
Risk management and user benefits
Binance remains committed to offering a secure and efficient trading environment. The PIXELUSDT Perpetual Contract comes with specific risk management features, including a capped funding rate and a detailed funding fee settlement frequency every four hours. To further benefit users, qualified USDⓈ-margined futures liquidity providers will enjoy 0.005% maker fee rebates on the PIXELUSDT Perpetual Contract for approximately 14 to 15 days.
Multi-Assets Mode is another innovative feature available for the PIXELUSDT Perpetual Contract, allowing users to use other margin assets, like BTC, to trade the contract. The flexibility enhances the trading experience and potentially increases the efficiency of capital utilization.
Conclusion
The integration of PIXEL across Binance’s platforms reflects the exchange’s dedication to providing a comprehensive and user-friendly trading and investment ecosystem. By offering a variety of services for PIXEL, Binance aims to cater to the diverse needs of its global user base, reinforcing its position as a leader in the cryptocurrency exchange industry. Users are encouraged to explore these new offerings, take advantage of the detailed guides and materials provided, and familiarize themselves with the trading rules and risk management features associated with these new services.
