Binance Trading
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Email: trading@binance.com
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Forwarded from Binance Research
$BUSD, the NYDFS-approved #stablecoin from #Binance, in association with Paxos, has been growing for its first two months as its supply has already reached $40 million. Meanwhile, #BUSD also displayed an active turnover with large redemptions and deposits from users.
Forwarded from Binance Research
In its latest Global Markets edition, @BinanceResearch discusses the latest from #DevCon in Osaka, #DeFi, and the upcoming switch to $ETH 2.0.

#BinanceFutures' BTCUSDT perpetual contract, which offers leverage up to 125x, is also analyzed.

https://info.binance.com/en/research/marketresearch/Global-Markets-October-2019.html
Forwarded from Binance Announcements
Introducing the Binance Futures Market Maker Program
https://www.binance.com/en/support/articles/360036035071
Thoughts on the Futures Market Maker Program?
Anonymous Poll
45%
I want to join!
55%
Extra liquidity on Binance Futures, great for me!
Forwarded from Binance Research
#BinanceFutures is displaying meteoric growth.

It took just 26 days for #Binance's perpetual contracts volume to exceed spot volume, peaking at a high of 2.3B on October 26th.

Which pair do you trade the most on Binance?
Which pair do you trade the most on Binance?
Anonymous Poll
41%
ETH/USDT
42%
BTC/BUSD
17%
XRP/USDT
Check out our Research team's new and improved page at research.binance.com for high-quality reports, podcasts, and more!
Weekly Market Update - Dec 02, 2019

Market Moves
BTC
$7,236.6 6.45% ⬇️
ETH $148.04 6.83% ⬇️
BNB $15.17 2.56% ⬇️

Top 3 Gainers on Binance
FET
$0.06088 62.09% ⬆️
DGD $16.96 57.78% ⬆️
OST $0.01477 52.97% ⬆️

Top 3 Fallers on Binance
VIB
$0.02398 -26.74% ⬇️
DATA $0.02349 -19.30% ⬇️
BAT $0.187304 -8.60% ⬇️

Binance News
- Introducing the Troy (TROY) token sale on Binance Launchpad
- Binance Futures launches ETH/USDT perpetual contract with up to 50x leverage
- Binance opens Indian Rupee (INR) fiat gateway through WazirX
- Binance updates the ticker of BCHABC to BCH

Trading News
- Margin trading added for XTZ
- QTUM trading competition has now concluded
- Binance supports XMR protocol updgrade
- New user sign-up bonus activity and rewards distribution completed
- Binance will support the ETHBNT airdrop for Bancor (BNT) holders

Binance Research
- Theory and praxis of DAOs - How can DAOs be conceptualized and classifed?

In Other News...
- Indian government to issue national blockchain strategy
With the latest piece in its Global Markets series, @BinanceResearch discusses notable trends in staking, margin, and futures trading from November.

Please read the full report here 👇
https://research.binance.com/global-markets/november-2019

Views from Binance Trading

From the $50m hack at a top Korean exchange to Chinese exchanges shutting down, and CEOs vanishing with cold wallet keys, November was not a pretty month for crypto. BTC also dropped from $9,200 at the beginning of the month to $7,600 at the end of the month, falling as low as $6,600 at one point, with total market cap dropping by around $40 billion.

One exciting thing that occurred this month was what seemed to be a correlated increase in price for some past Launchpad projects. Starting at around November 25, several Launchpad tokens saw a sharp rise in price, with MATIC even doubling in price in the span of a few days.

We decided to take a look at taker buy-sell ratio data from our exchange for Matic Network (MATIC), Fetch.Ai (FET), Elrond (ERD), Band Protocol (BAND), and Harmony (ONE) to see if certain regions may have spurred the rallies but found little to no correlation.

For example, MATIC saw a higher taker buy-sell ratio in East Asia and Western Europe. In contrast, the ratio was much lower in Eastern Europe, meaning this region sold more in terms of taker orders. FET was more even across different areas, although it did see a lower ratio in Eastern Europe. BAND was also quite even but saw lower ratios in East and Southeast Asia, as well as Western Europe. ERD saw higher ratios in Eastern and Western Europe as well as Southeast Asia. ONE had higher ratios in Southern and Eastern Europe. Although possible, the rallies in Launchpad tokens do not seem like a coordinated effort.

Our OTC desk did see some more trades and quote requests for Launchpad tokens than usual, but it was not anything too out of the ordinary. Along with Launchpad tokens, there was some more demand for privacy coins than usual. As with last month, there was a high number of altcoin trades, which was not that unusual given the fluctuations in BTC. What was a bit surprising was that it was a rather quiet month for BTC comparatively in terms of flow, although flows were sell-dominant as one might expect.