Binance Integrates Tether on Arbitrum One and Optimism Networks
Binance, one of the largest cryptocurrency exchanges, has completed the integration of Tether (USDT) on the Arbitrum One and Optimism networks. According to the announcement on Binance's official website, this development will open up deposits for users on these two networks. The integration aims to provide more options for users and enhance their trading experience on the platform. As a result of this integration, users can now deposit USDT from both Arbitrum One and Optimism networks to their Binance accounts.
Binance Concludes May Trading Competition and Bitcoin Fundamentals WOTD Activity
In other news, Binance has concluded two promotional activities: the May Trading Competition and the Bitcoin Fundamentals Word of the Day (WOTD) Activity. According to an announcement on their website, the winners of these promotions have been determined, and the rewards will be distributed accordingly. The May Trading Competition encouraged users to trade various cryptocurrencies on Binance's platform, while the Bitcoin Fundamentals WOTD Activity aimed to educate users about Bitcoin's underlying technology and principles. Participants in both activities had the chance to win prizes in the form of cryptocurrencies or other rewards.
New Loanable Assets & Collateral Assets Available on Flexible Loan & VIP Loan
Lastly, Binance has introduced new loanable assets and collateral assets for its Flexible Loan and VIP Loan services. As stated in an announcement on their website, this update will take effect on June 2, 2023. With this change, users will have access to a wider range of assets for borrowing and collateral purposes, enhancing their options and flexibility within the platform's loan services. Binance continues to expand its offerings and improve its services, catering to the diverse needs of its global user base.