Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Binance Brings in New Feature as BNB Suffers Huge Losses
Share
Font ResizerAa
BlockcruxBlockcrux
Search
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Binance Brings in New Feature as BNB Suffers Huge Losses
Share
Follow US

Home - Binance Brings in New Feature as BNB Suffers Huge Losses

BusinessCrypto

Binance Brings in New Feature as BNB Suffers Huge Losses

Toby
By Toby May 13, 2023 322 Views
Share
Binance Brings in New Feature as BNB Suffers Huge Losses
Binance Brings in New Feature as BNB Suffers Huge Losses
SHARE

One of the largest cryptocurrency exchanges of the world, Binance brings in a new feature. The exchange has shifted its interest in Trading Bots to facilitate automated trading practices rather than the traditional one.

Contents
Investors Seem BearishAllegations have been made linking CZ to China
https://twitter.com/binance/status/1656690630096216065?s=20

Binance has said that the new feature will be made available to the masses in June 2023. As per Binance, the name of Rebalancing Bot account will be changed to Trading Bots. The good part about this new feature is that new spots and future grids can be created in it. Users can also use their existing BNB balance to earn trading fee savings.

Investors Seem Bearish

As soon as Binance announced this news, the user activity  on the BNB chain has recorded a sharp rise. The platform saw a rise of 5 week high in the last 24 hours. However, the user engagement on the platform has increased, but there is still a liquidity problem in the BNB chain. In the last 24 hours the Total Value Locked (TVL) fell sharply by 3% in the BNB platform.

While, the implementation of the automated trading system may seem to be useful to the investors but many investors may back off from it and prefer traditional trading as it gives them the flexibility to take their own decisions. Surprisingly, investors are bearish on BNB after receiving the news. Only the large accounts which were dormant for a longer period of time have shown an uptrend. 

Allegations have been made linking CZ to China

According to a false ChatGPT information,the CEO of Binance, Changpeng Zhao (CZ) was said to have strong ties with the Chinese Communist Party. He was even accused of being a spy of the Chinese government. However, the officials in Binance took a strong stand on this issue and said all those above allegations are all based on useless facts and false information.

TAGGED:binanceCrypto ExchangecryptocurrencyTrading
Share This Article
Facebook Twitter Email Print

PRESS RELEASE

Meet StocksFC: The Football Stock Market Where Goals Earn You Crypto

Crypto Whales’ Gold Rush: Why DogeLend is the Hot Ticket Over Shiba Shootout and WienerAI?
Unlock Passive Income Opportunities: A Beginner’s Guide to ION Mining
Lemon Terminal – The Future of Crypto Trading Launches with $LEMON on 19th December
Binance Lists NEIRO, BABYDOGE, And TURBO, This Viral Ethereum Token Is Set To Follow Suit

LATEST NEWS

Reserves of $2.3 Million Required for South Korea Exchanges

Reserves of $2.3 Million Required for South Korea Exchanges

Mridul Srivastava Mridul Srivastava August 29, 2023
EA CEO Reveals: Apex Legends to be Launched on the Mobiles Soon
Shiba Inu Whales Drive Recovery, Outpacing Dogecoin
Revolver Gaming Partnering with iGaming Platform
Ethereum Trading Volume Surpasses $2.6 Billion, Price Reaches $1,632
Blockcrux Logo blockcrux logo

About Blockcrux

Blockcrux is a web3 news publisher dedicated to delivering the latest, most accurate insights into blockchain and decentralized technologies. Covering everything from cryptocurrencies to NFTs and DeFi, it offers uncensored, real-time news, embodying the transparency and democracy inherent in the web3 ecosystem.

News

  • Blockchain
  • Crypto
  • Web3
  • AI

Help

  • Contact
  • Advertising
  • Submit Press Release
  • Privacy Policy

© Blockcrux News Network. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Last Updated on May 13, 2023 by Toby