Binance Introduces IO.NET (IO) Across Multiple Trading Options

On Jun 11, 2024

Cryptocurrency exchange giant Binance has announced the addition of IO.NET (IO) to a range of its trading and investment platforms, including Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest, according to Binance.

Expanded Access Across Platforms

Starting from June 11, 2024, IO.NET (IO) will be available on Binance Margin and Binance Futures, with Auto-Invest support beginning on June 13, 2024. Users can engage in various financial activities involving IO, such as purchasing, converting, margin trading, and futures contracts.

Binance Simple Earn

Through Binance Simple Earn, users can now earn rewards by holding IO.NET (IO) in their Binance accounts. This inclusion aims to provide users with more opportunities to grow their investment portfolios.

Buy & Sell Crypto

Binance users can buy IO directly using credit/debit cards, Google Pay, or Apple Pay, and sell IO using their available wallet balances on the Buy Crypto page. This integration enhances the accessibility and convenience for users looking to trade IO.NET (IO).

Convert

The Binance Convert feature allows users to trade IO against BTC, USDT, and other supported tokens at zero fees. This service provides a seamless experience for those looking to move between different cryptocurrencies.

Margin Trading

IO will be introduced as a new borrowable asset on Binance Margin, supporting both Cross and Isolated Margin trading. The IO/USDT pair will be available for trading, offering users more leverage options.

Futures Trading

Binance Futures will launch the USDⓈ-M IO Perpetual Contract with up to 50x leverage. The contract will be subject to regular funding fees, settled every four hours, and the maximum funding rate at launch will be +2.00% / -2.00%. Binance may adjust the contract specifications based on market risk conditions.

Additional Information

Binance’s Multi-Assets Mode allows users to trade the IOUSDT Perpetual Contract across multiple margin assets, such as BTC, subject to applicable haircuts. The IOUSDT Perpetual Contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement.

Binance continues to expand its offerings, enhancing user experience by integrating more tokens across various trading and investment platforms. The addition of IO.NET (IO) aims to provide users with diversified options to manage and grow their crypto assets.

Image source: Shutterstock

. . .