Copy link
Increase text size
Decrease text size
Link copied

Binance Lending renamed to Binance Savings

Image by Binance from Twitter

Mon, 13 Apr 2020, 01:44 am UTC

Crypto exchange Binance made a huge change in its services.

Binance announced that it has officially renamed Binance Lending to Binance Savings. It also made the following changes:

  • Flexible Deposits officially renamed to Flexible Savings
  • Fixed Deposits officially renamed to Locked Savings

Binance Savings can be accessed under “Savings” from the “Earn” tab in the main menu. Aside from these changes, Binance has been updating its platform. Just recently, it also added “hedge mode” on Binance Futures.

The new hedge mode allows users to hold positions in both long and short directions at the same time under the same contract. It also allows switching between one-way mode and hedge mode in the Preference setting. However, by default, it is set to one-way mode.

Prior to these changes, Binance also announced that it increased the maximum leverage on the Tezos (XTZ) and Tether (USDT) trading.

“Binance Futures has increased the maximum leverage on the XTZ/USDT perpetual contract to 75x. Users can now select any leverage between 1x and 75x,” Binance said in its announcement.

Meanwhile, software company Steamr has also proudly announced its partnership with Binance. Steamr and Binance’s partnership makes the latter the first major exchange with market data being distributed over a decentralized network. It also makes Binance’s real-time trades and quotes data available as a free product on Steamr permissionless Marketplace.

“By connecting Binance’s market data to the Steamr Network, we want to encourage and enable algorithmic traders to build better automated trading strategies and combine them with other data resources on Steamr,” said Henri Pihkala, Co-funder of Steamr. “In this way, we hope to give traders an edge in convenience, speed and security. And generate more volume for Binance on all traded assets.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (btc) $55,660.00 (-5.53%)
  • Ethereum (eth) $3,924.52 (+0.22%)
  • Binance Coin (bnb) $628.58 (-7.41%)
  • XRP (xrp) $1.40 (-11.15%)
  • Dogecoin (doge) $0.454004 (-19.24%)
  • Bitcoin (btc) $55,660.00 (-5.53%)
May 11, 2021 (Tuesday)
BTC Surges by 1.09% Within 5 Mins, Marking 56,425.96 USDT
May 10, 2021 (Monday)
BTC Surges by 1.07% Within 5 Mins, Marking 56,137.8 USDT
BTC Drops by 1.32% Within 5 Mins, Marking 54,599.82 USDT
BTC Drops by 2.93% Within 5 Mins, Marking 54,113.6 USDT
BTC Surges by 1.02% Within 5 Mins, Marking 57,991.78 USDT
BTC Surges by 1.25% Within 5 Mins, Marking 57,203.8 USDT
ETH Tops List Of Crypto Net Inflow With $861.53 Mln In Past 18 Hours
CZZ's Wrapped Token HCZZ On HECO Launched On DogeSwap
TriumphX Signed Exclusive Contract With Metaverse NFT Artist 'RisingSun (Kim Il-dong)'
May 9, 2021 (Sunday)
BTC Drops by 1.13% Within 5 Mins, Marking 56,341.2 USDT
BTC Surges by 1.01% Within 5 Mins, Marking 59,088.8 USDT
May 8, 2021 (Saturday)
BTC Surges by 1.04% Within 5 Mins, Marking 58,789.89 USDT
BTC Drops by 1.13% Within 5 Mins, Marking 57,534.72 USDT
DOGE Tops List Of Crypto Net Inflow With $1.2 Bln In Past 18 Hours
Class ZZ Adds SHIB To Swap Section
BTC Surges by 1.39% Within 5 Mins, Marking 58,528.11 USDT
Crypto Market Sentiment On May 08: Market In "Greed"
DOGE Tops List Of Crypto Net Inflow With $1.23 Bln In Past 10 Hours
May 7, 2021 (Friday)
BTC Surges by 1.06% Within 5 Mins, Marking 57,784.1 USDT
BTC Surges by 1.15% Within 5 Mins, Marking 57,399.99 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.