As a seasoned crypto investor with years of experience in the market, I have witnessed the impact Binance’s support can have on smaller projects. The recent announcement that Binance will offer trading services for Render (RENDER) following its rebrand and token swap has left me optimistic about the asset’s future growth.
As a crypto investor, I’m excited to share that Binance, the leading cryptocurrency exchange, has recently announced new trading services for Render (RENDER) after a successful token swap and rebranding. This means that RENDER is now available for use in various trading services on the platform, such as futures, margin trading, and spot trading.
Binance Opens Trading Services To Render
As a seasoned investor with years of experience in the cryptocurrency market, I’m always on the lookout for new opportunities. When Binance announced that they had added Render tokens to their trading services after a rebrand, my interest was piqued.
Starting on July 29, users have an additional capability: they can acquire the asset through any payment method available in the exchange’s auto-invest feature. The Buy and Sell functionality enables purchasing the asset using debit cards, credit cards, and other payment methods, while trading against Bitcoin (BTC) and USDT will incur no fees under the Convert option.
The asset has been incorporated into Binance’s Margin and Futures trading platforms, enabling it to be borrowed under Cross and Isolated margins. Leverage for perpetual contracts can reach up to 50 times the initial margin, with a maximum funding rate set at +2.0% or -2%.
According to the market risk scenario, Binance has the authority to modify the features of the RENDERUSDT Perpetual Contract at its discretion. These modifiable elements encompass funding fees, tick sizes, maximum leverage levels, initial margins, and maintenance margins. With Multi-Assets Mode enabled, traders can conduct transactions on the RENDERUSDT Perpetual Contract using various margin assets, with the application of corresponding haircuts.
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Users Anticipate Growth Post Rebrand
The new listing follows the rebranding and token swap from RENDER, which was previously known as RNDR. On July 22, the platform removed all RNDR spot trading pairs and canceled related orders in preparation for future listings. This action led to a significant decrease of 56% in trading volume, demonstrating the influence of Binance’s listing on the asset.
As of the current moment, RENDER is priced at $6.9 on the market, marking a 4.9% increase over the past 24 hours. This week, its value has risen by 7.2%.
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2024-07-26 13:54