{"id":54892,"date":"2020-04-02T11:07:19","date_gmt":"2020-04-02T10:07:19","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=54892"},"modified":"2020-04-02T11:07:19","modified_gmt":"2020-04-02T10:07:19","slug":"binance-news-update-otc-trading-fiat-on-ramp-s-a-rand-and-flexible-deposits-ltc-trx","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/binance-news-update-otc-trading-fiat-on-ramp-s-a-rand-and-flexible-deposits-ltc-trx\/","title":{"rendered":"Binance News Update: OTC Trading Portal, Fiat On-ramp for S.A Rand and Flexible Deposits for LTC & TRX"},"content":{"rendered":"
In brief:<\/strong><\/p>\n The last 24 hours have been an eventful period in both the crypto markets and at the popular exchange of Binance. To begin with, the crypto market capitalization has gained approximately $10 Billion, rising from $175 Billion to $186 Billion in the same time period. Bitcoin (BTC) is currently trading at $6,655 after bouncing off the $6,200 support zone. With respect to the crypto exchange of Binance, the team has consistently made valuable additions to the products and services offered by the platform.<\/p>\n Firstly, the team has announced<\/a> that the platform now supports the transfer of Rands (ZAR) via bank transfer (EFT). This will enhance how users from South Africa deposit fiat on the platform. Additionally, the exchange has added 5 trading pairs denominated in the ZAR.<\/p>\n Deposits of ZAR are available with immediate effect. However, withdrawals will be active from 9th April, 6am (UTC + 2).<\/p>\n Secondly, the team has announced<\/a> the launch of an OTC trading portal. The service is live with users having the opportunity to receive a request for quotation (RFQ) for trades that are quickly settled directly to their Binance accounts.<\/p>\n However, the minimum trade size is the equivalent of 10,000 USDT. 25 digital assets are currently supported with users having to complete level 2 KYC verification.<\/p>\n Thirdly, the exchange has added<\/a> Tron (TRX) and Litecoin (LTC) to the list of supported assets on flexible deposits. This is a value-added service for Binance users who hold idle assets on the platform. Such funds can be lent out to users and the owners earn interest as a result.<\/p>\n\n
Fiat On-ramp for the S. African Rand (ZAR)<\/h2>\n
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New OTC Trading Portal<\/h2>\n
TRX and LTC Added to Flexible Deposits<\/h2>\n
Slight Price Increment of Binance Coin (BNB)<\/h2>\n