Binance Makes Hot Announcements For CLV And These 12 Altcoins!

Binance, the largest cryptocurrency exchange in terms of daily trading volume, made important announcements for 13 altcoins. In this article, we will convey the announcements. Here are the details…

Binance adds new coins to its “flexible products” basket

Binance adds new coins to its Simple Earn Flexible Products service for idle cryptocurrencies. Exchange; added CLV, FLUX, WOO, OCEAN, OXT, OM, NULS, and ATM to the list of supported assets. As we have also reported, “Simple Earn” was formed by the combination of Binance Staking and Savings. Announced on September 22, this service includes flexible works as well as locked works.

Tick ​​size will change in some cryptocurrencies

The exchange announced that it will regulate the “tick” size for some crypto money projects. On October 25, 2022, some USD-M and COIN-M perpetual futures contracts will change in size. So there will be minimal change in unit price. The regulation will not affect the trading of USDS-M and COIN-M Futures. Tick ​​size will also change via API.

API users can use GET /fapi/v1/exchangeInfo and GET /dapi/v1/exchangeInfo for the latest tick size of USDS-M and COIN-M futures contracts respectively. Tick ​​size update will not affect existing commands. After the tick size is updated, the commands given before the update will be matched with the brand new tick size. Changes will occur as shown in the table below:

Exchange supports Avalanche (AVAX) update

On the other hand, the exchange announced that it will support Avalanche (AVAX) network upgrade. The Avalanche network upgrade will take place on October 18, 2022, at approximately 19 CET. Withdrawal and deposit processes on the exchange will be suspended as of October 18, 18 CEST. According to the exchange’s statement, AVAX trading will not be affected during the network upgrade. In addition, the exchange says that it will meet all relevant technical needs for all users who have AVAX in their account.

Once the exchange thinks the current network is stable, it will reopen the deposit and withdrawal processes for AVAX. Avalanche functions as a platform for decentralized applications and private Blockchain networks. The first layer (layer-1) is a Blockchain. It aims to displace Ethereum, the most recognizable network for smart contracts – one of Ethereum’s competitors. The network’s mainnet hit the market in 2020. Subsequently, the project focused on decentralized finance (DeFi) and decentralized applications (dApp). Meanwhile, cryptocurrency AVAX is changing hands at $16.23, up 5.17 percent at the time of writing. The coin ranks eighteenth with a market cap of $4.8 billion.

Similar Articles



Please enter your comment!
Please enter your name here


Most Popular