Stellar Lumens News Today – Headlines for January 20

  • Binance Futures to launch XLM/USDT trading pairs
  • Binance to implement a 1% pricing limit
  • Binance announced the end of the buy BTC at 50% discount promo

Stellar Lumens News Today – Binance, the world’s largest cryptocurrency exchange has been rolling out new protocols to ensure that its users get the best service. Binance had initially promised to bring in more trading pairs to its exchange. Now, the platform has announced hours ago that the Binance Futures will add the Stellar Lumen (XLM) and Tether (USDT) trading pairs.

Users will now be able to trade XLM/USDT from January 20, 2020. Per the report, users will be able to trade with the recently added trading pairs at 08:00 AM (UTC) today January 20. Binance also adds that users will be allowed to choose between 1-75x leverage. Binance took to twitter to reveal the latest milestone for the network on a mission to keep spreading its tentacles.

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$6,490.97
9.16%

Binance will implement a 1% pricing Limit

In a bid to prevent market manipulation, Binance has announced that it is going to implement a 1% pricing limit for new trading pairs in the first 15 minutes from when trade begins. While the new offering by Binance will leave users excited, the world’s biggest exchange has warned users that there is great risk in Futures trading.

There is a strong chance of all users who participate in futures trading to suffer significant losses. Hence, they need to be aware of the risks involved. The exchange also urged its users to exercise caution in the market due to the high level of market volatility capable of liquidating the balance in user futures’ wallet. Users are urged to trade responsibly.

The buy BTC at 50% Discount Activity Has Ended

In other reports relating to Binance, the exchange has recently announced the conclusion of one of its schemes. This time it is the buy Bitcoin (BTC) at a 50% discount promo. According to the report, Binance says it will give out all rewards evenly to the winner user accounts. The users who participated in the scheme and turned out as winners can now go ahead and confirm their rewards on their wallet’s “Distribution History” page. According to Binance, the initiative revealed several things about the exchange. Here are the results:

  • The exchange’s daily ROE posted its highest at 1874%.
  • The biggest weekly profit came for USDT at 812,475 USDT.
  • The overall trading volume of the Binance Futures platform recorded a new high point of $3.46 billion as of January 14.

Binance hopes that users make the most of the new offering. At press time there is no sign that the new inclusion had any impact on the price of the BNB coin.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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