Binance Expands Crypto Offerings with BounceBit Integration
In a significant move to expand its cryptocurrency offerings, Binance has integrated BounceBit (BB) into several of its services. The global cryptocurrency exchange and blockchain platform announced that BounceBit has been added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest.
Expanded Access to BounceBit
From 2024-05-15 at 10:00 (UTC), users will be able to purchase BB using any of the payment options supported on Binance Auto-Invest. This integration allows users to buy BB directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell BB directly with their available wallet balances at the “Buy Crypto” page. Furthermore, users can trade BB against BTC, USDT, and any other tokens supported by Binance Convert at zero fees.
New Borrowable Asset on Binance Margin
Binance Margin has added BB as a new borrowable asset on Cross and Isolated Margin. The BB/USDT pair on Cross and Isolated Margin will be available from 2024-05-13 12:30 (UTC). Users are advised to refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio, and rates.
Binance Futures Launches BB Perpetual Contract
Binance Futures will launch the USDⓈ-M BB Perpetual Contract at 2024-05-13 12:30 (UTC), offering up to 50x leverage. However, the maximum funding rate of the BBUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%, with the funding fee settlement frequency being every four hours. Users should note that the BBUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Binance’s expansion of its cryptocurrency offerings with BounceBit integration is a significant move that shows the platform’s ongoing commitment to broadening its services for users worldwide. However, users are reminded that digital asset prices are subject to high market risk and price volatility, and they should only invest in products they are familiar with and where they understand the risks.
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