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Binance is thrilled to bring significant updates regarding the addition of Velodrome Finance (VELODROME) to its various platforms. This announcement aims to provide detailed information about the availability and trading options for VELODROME on Binance.

Unlock New Investment Opportunities with Binance and VELODROME

Earn with VELODROME

Starting from 2024-12-16 10:00 (UTC), users have the opportunity to purchase VELODROME using a wide range of payment options supported on Binance Auto-Invest. This opens up new avenues for earning through cryptocurrency investments.Users can now explore different ways to grow their wealth by including VELODROME in their earning strategies. The addition of this asset to Binance's Earn platform provides an additional option for those looking to diversify their portfolios.

Buy & Sell Crypto

On the "Buy Crypto" page, users can easily buy VELODROME with VISA, MasterCard, Google Pay, Apple Pay, or utilize their wallet balances. This seamless buying and selling process allows for quick and convenient transactions, making it accessible to a wide range of users.With VELODROME being listed on Binance Spot within one hour, users can take advantage of the market opportunities and start trading immediately. The availability of multiple payment options adds to the convenience and flexibility of the trading experience.

Convert VELODROME

Within one hour of VELODROME being listed on Binance Spot, users will be able to start trading VELODROME against BTC, USDT, and any other tokens on Binance Convert at zero fees. This conversion feature enables users to easily swap between different cryptocurrencies and take advantage of market fluctuations.The zero fee trading option on Binance Convert makes it an attractive choice for users looking to optimize their trading strategies and manage their cryptocurrency portfolios more efficiently.

Margin Trading with VELODROME

Binance Margin will add VELODROME as a new borrowable asset on Cross and Isolated Margin, as well as the VELODROME/USDT pair on Cross and Isolated Margin at 2024-12-13 16:00 (UTC). VIP 7 to VIP 9 users will have the privilege of borrowing the abovementioned asset(s) on Cross Margin approximately 30 minutes before it is open for Margin trading.Margin trading allows users to leverage their positions and potentially increase their returns. The addition of VELODROME to the Margin trading platform provides more options for experienced traders and those looking to take on more risk.

Futures Trading with VELODROME

Binance Futures will launch the USDⓈ-M VELODROME Perpetual Contract at 2024-12-13 16:15 (UTC), offering up to 75x leverage. This provides traders with the opportunity to amplify their gains and participate in the market with a smaller initial investment.The details of the USDⓈ-M VELODROME Perpetual Contract are comprehensive, including information on the maximum funding rate (+2.00% / -2.00%), funding fee settlement frequency every four hours, and the Multi-Assets Mode. The Multi-Assets Mode allows users to trade the VELODROMEUSDT Perpetual Contract across multiple margin assets, subject to applicable haircuts.This addition to Binance Futures expands the trading options and strategies available to users, enabling them to explore different market conditions and manage their risks more effectively.Binance reserves the right to amend or cancel this announcement at any time and for any reasons without prior notice. In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. Digital asset prices are highly volatile, and users should make informed investment decisions based on their own financial situations and risk tolerances.Thank you for your support! Binance Team.Note: This announcement was amended on 2024-12-13 to clarify that the ticksize for VELODROMEUSDT is updated from 0.000001 to 0.00001.Trade on-the-go with Binance’s crypto trading app (iOS/Android). Find us on.