2024-12-14
December 13, 2024 - Binance, one
of the leading cryptocurrency exchanges, has announced the listing of Velodrome
Finance (VELODROME) across several of its services, including Binance Simple
Earn, "Buy Crypto," Binance Convert, Margin, and Futures.
1. Simple Earn
VELODROME Flexible Products are now available on Binance Simple Earn as of December 13, 14:00 (UTC). Users can subscribe and start earning rewards immediately.
From December 16, 10:00 (UTC), users
can also leverage Binance Auto-Invest to purchase VELODROME through supported
payment options.
2. Buy & Sell Crypto
Users can buy VELODROME via Visa,
MasterCard, Google Pay, and Apple Pay, or trade it using wallet balances on the
“Buy Crypto” page. These options will become available within an hour of
VELODROME's spot listing.
3. Binance Convert
Trading VELODROME against BTC, USDT,
and other tokens will be supported with zero fees on Binance Convert. This
functionality will also be activated shortly after VELODROME is listed on
Binance Spot.
4. Margin Trading
VELODROME will be introduced as a borrowable asset on both Cross and Isolated Margin. Trading for the VELODROME/USDT pair on these platforms begins at December 13, 16:00 (UTC).
Binance VIP 7 to VIP 9 users will gain
early borrowing access approximately 30 minutes prior to the official launch.
Users are advised to implement strict risk management strategies, given the
potential volatility of newly listed tokens.
5. Futures Contracts
Binance Futures will launch the USDⓈ-M VELODROMEUSDT Perpetual Contract on December 13, 16:15 (UTC),
offering leverage of up to 75x. Key details include:
The Multi-Assets Mode will enable users
to trade VELODROMEUSDT Perpetual Contracts using multiple margin assets,
including BTC.
Velodrome Finance is a decentralized
finance (DeFi) protocol that operates on the Optimism blockchain, a layer-2
scaling solution for Ethereum.
