Binance’s Latest Temptation: XUSD & FORM, A Dash of Sarcasm and Emojis

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Oh, the crypto world, how it spins! Binance, the grand stage of digital currencies, has once again pulled the curtain to reveal its latest treasures: StraitsX USD (XUSD) and Four (FORM). 🎉 This Wednesday, the exchange announced it is expanding its market support for these shiny new assets, ensuring that traders and investors can now dance to the tune of emerging market opportunities. 🕺💃

In a press release that tickled the ears of many on March 19, Binance detailed its plans to integrate XUSD and FORM into various sections of its platform, including ‘Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures trading.’ The platform’s vast user base, a veritable sea of eager traders, will witness the listing of XUSD and FORM on ‘Simple Earn’ starting from the announcement date at 08:00 UTC. 🕒

But wait, there’s more! 🎉 Users can now purchase these assets using a plethora of payment methods, including VISA, MasterCard, Google Pay, Apple Pay, and Revolut. Binance, in its infinite generosity, will also support trading against BTC, USDT, and other cryptos on the ‘Convert’ division with zero fees for the first hour after the coins’ spot listing. 🤑

Earlier this week, Binance kindly reminded its users that the StraitsX listing would commence at 08:00 UTC on the aforementioned date. 📅

For those who can’t get enough, the FORM/USDT crypto pair will be added as a new borrowable asset on ‘Cross and Isolated Margin,’ launching at 08:20 UTC on the same day. 🚀 Futures trading for FORMUSDT will also begin at 08:00 UTC, allowing traders to enjoy up to 50x leverage on the crypto’s USD-Margined futures contract. 🚀🚀

StraitsX, a stablecoin provider backed by the Monetary Authority of Singapore (MAS), is a name to remember. XUSD, pegged to the U.S. Dollar, runs on the Ethereum and Binance Smart Chain blockchains. As of press time, the total supply of XUSD was 26.35 million tokens, each backed by reserve assets maintained at 100% or more of the value in circulation. 💰

FORM, the rebranded and token-swapped version of BinaryX (BNX), has been showing some muscle, gaining nearly 2% in the past 24 hours and trading at $1.79. The coin’s intraday low and high were $1.54 and $1.80, respectively. 📈

And so, Binance continues to solidify its position as the go-to exchange for traders, offering a cornucopia of top-notch services. CoinGape previously reported that Binance has also unveiled support for MKR, EPIC, DF, GMX, and RPL, further fueling its optimistic market endeavors. 🌟

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2025-03-19 13:26