Binance Introduces IO.NET (IO) Across Multiple Trading Options

Cryptocurrency
exchange
giant
Binance
has
announced
the
addition
of
IO.NET
(IO)
to
a
range
of
its
trading
and
investment
platforms,
including
Binance
Simple
Earn,
Buy
Crypto,
Binance
Convert,
Binance
Margin,
Binance
Futures,
and
Binance
Auto-Invest,
according
to

Binance.

Expanded
Access
Across
Platforms

Starting
from
June
11,
2024,
IO.NET
(IO)
will
be
available
on
Binance
Margin
and
Binance
Futures,
with
Auto-Invest
support
beginning
on
June
13,
2024.
Users
can
engage
in
various
financial
activities
involving
IO,
such
as
purchasing,
converting,
margin
trading,
and
futures
contracts.

Binance
Simple
Earn

Through
Binance
Simple
Earn,
users
can
now
earn
rewards
by
holding
IO.NET
(IO)
in
their
Binance
accounts.
This
inclusion
aims
to
provide
users
with
more
opportunities
to
grow
their
investment
portfolios.

Buy
&
Sell
Crypto

Binance
users
can
buy
IO
directly
using
credit/debit
cards,
Google
Pay,
or
Apple
Pay,
and
sell
IO
using
their
available
wallet
balances
on
the
Buy
Crypto
page.
This
integration
enhances
the
accessibility
and
convenience
for
users
looking
to
trade
IO.NET
(IO).

Convert

The
Binance
Convert
feature
allows
users
to
trade
IO
against
BTC,
USDT,
and
other
supported
tokens
at
zero
fees.
This
service
provides
a
seamless
experience
for
those
looking
to
move
between
different
cryptocurrencies.

Margin
Trading

IO
will
be
introduced
as
a
new
borrowable
asset
on
Binance
Margin,
supporting
both
Cross
and
Isolated
Margin
trading.
The
IO/USDT
pair
will
be
available
for
trading,
offering
users
more
leverage
options.

Futures
Trading

Binance
Futures
will
launch
the
USDⓈ-M
IO
Perpetual
Contract
with
up
to
50x
leverage.
The
contract
will
be
subject
to
regular
funding
fees,
settled
every
four
hours,
and
the
maximum
funding
rate
at
launch
will
be
+2.00%
/
-2.00%.
Binance
may
adjust
the
contract
specifications
based
on
market
risk
conditions.

Additional
Information

Binance’s
Multi-Assets
Mode
allows
users
to
trade
the
IOUSDT
Perpetual
Contract
across
multiple
margin
assets,
such
as
BTC,
subject
to
applicable
haircuts.
The
IOUSDT
Perpetual
Contract
is
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.

Binance
continues
to
expand
its
offerings,
enhancing
user
experience
by
integrating
more
tokens
across
various
trading
and
investment
platforms.
The
addition
of
IO.NET
(IO)
aims
to
provide
users
with
diversified
options
to
manage
and
grow
their
crypto
assets.

Image
source:
Shutterstock

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