Binance Introduces LayerZero (ZRO) to Multiple Platforms, Including Futures and Margin

Binance
has
announced
the
addition
of
LayerZero
(ZRO)
to
several
of
its
trading
and
investment
platforms,
including
Simple
Earn,
Buy
Crypto,
Convert,
Margin,
and
Futures.
This
move
is
part
of
Binance’s
ongoing
efforts
to
expand
its
ecosystem
and
provide
users
with
a
broader
range
of
investment
options,
according
to

Binance.

Earn

Starting
from
June
24,
2024,
users
can
purchase
ZRO
using
any
of
the
payment
options
supported
on
Binance
Auto-Invest.
This
addition
allows
users
to
include
ZRO
in
their
investment
portfolios
conveniently.

Buy
&
Sell
Crypto

Users
can
now
buy
ZRO
directly
with
their
credit/debit
cards,
Google
Pay,
Apple
Pay,
or
buy
and
sell
ZRO
directly
with
their
available
wallet
balances
on
the
“Buy
Crypto”
page.
This
integration
provides
a
seamless
experience
for
users
looking
to
invest
in
LayerZero.

Convert

Binance
Convert
now
supports
trading
ZRO
against





BTC,
USDT,
and
other
tokens
with
zero
fees.
This
feature
is
designed
to
offer
flexibility
and
cost-efficiency
to
traders.

Margin

Binance
Margin
has
added
ZRO
as
a
new
borrowable
asset
on
both
Cross
and
Isolated
Margin,
with
the
ZRO/USDT
pair
available.
This
feature
went
live
on
June
20,
2024,
at
14:00
(UTC).
Users
can
refer
to
the
Margin
Data
for
the
most
updated
information
on
marginable
assets,
limits,
collateral
ratios,
and
rates.

Futures

Binance
Futures
launched
the
USDⓈ-M
ZRO
Perpetual
Contract
on
June
20,
2024,
at
14:30
(UTC),
offering
up
to
50x
leverage.
The
maximum
funding
rate
at
launch
is
set
at
+2.00%
/
-2.00%,
with
the
funding
fee
settlement
occurring
every
four
hours.
Binance
reserves
the
right
to
adjust
the
specifications
based
on
market
risk
conditions.

The
ZROUSDT
Perpetual
Contract
is
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
can
also
utilize
the
Multi-Assets
Mode
to
trade
the
ZROUSDT
Perpetual
Contract
across
multiple
margin
assets,
subject
to
applicable
haircuts.

This
comprehensive
addition
of
LayerZero
(ZRO)
across
multiple
Binance
platforms
is
expected
to
enhance
user
engagement
and
provide
diversified
investment
opportunities.
For
more
detailed
information,
users
are
advised
to
visit
the
official
Binance
announcement.

Image
source:
Shutterstock