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Binance is not shutting down its entire Peer-to-Peer (P2P) trading platform.

However, it is discontinuing the P2P Cash Zone feature, which allows users to buy and sell cryptocurrencies for cash in person with registered merchants.

This service will officially close on March 31, 2025.

Key Dates to Note:

Until March 25, 2025, 23:59 UTC+0: You can place new orders in the P2P Cash Zone.

After March 25, 2025: No new orders will be accepted in the Cash Zone.

By March 31, 2025, 23:59 UTC+0: The P2P Cash Zone will be fully closed.

Alternative Options:

Despite the closure of the Cash Zone, Binance's P2P platform remains operational with other payment methods. You can continue trading cryptocurrencies using various digital payment options available on the platform.

Recommendation:

To ensure a smooth transition, consider exploring and setting up alternative payment methods on Binance's P2P platform before the Cash Zone service ends.

This proactive approach will help you continue your trading activities without interruption.

For more details, you can refer to Binance's official announcement on this update.

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#Binance Word of the Day #WOTD
Theme: Lunar New Year
Period: 2025-01-27 To 2025-02-02

6⃣ Letter Words

Packet, Invite, Reward, Unlock

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Binance Weekly Crypto Update: Key Developments in the Cryptocurrency Landscape

March 10, 2025

Market Overview

The cryptocurrency market experienced notable fluctuations this past week. Bitcoin (BTC) saw a decline of approximately 5.47%, trading at $81,555 as of March 9, 2025. Ethereum (ETH) mirrored this trend, with its price decreasing by 5.4% to $2,024.68. These movements underscore the market's inherent volatility and the importance of staying informed.

Regulatory Developments

In a significant policy shift, U.S. President Donald Trump signed an executive order establishing a strategic reserve of cryptocurrencies, including Bitcoin and Ethereum. This initiative aims to bolster the nation's financial infrastructure and signals a growing institutional acceptance of digital assets.

Security Concerns

The crypto community faced challenges as North Korean hackers, identified as the Lazarus Group, executed the largest cryptocurrency heist in history. They reportedly stole over $1.5 billion in Ethereum from the Bybit exchange, highlighting the critical need for enhanced security measures within the industry.

Technological Advancements

#Google's introduction of the Willow quantum chip has sparked discussions about the future security of blockchain technologies. The chip's capabilities suggest potential vulnerabilities in current cryptographic systems, prompting the crypto community to explore quantum-resistant solutions to safeguard digital assets.

Conclusion

The past week has been eventful for the cryptocurrency sector, marked by market volatility, regulatory advancements, security incidents, and technological innovations. Staying informed and vigilant remains crucial for all stakeholders in this rapidly evolving landscape.

*For more detailed information and updates, visit #Binance official news section.*

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😱 How much is the price of a 100% - 100% discount? 𝙏𝙚𝙧𝙣𝙮𝙖𝙩𝙖 𝙍𝙪𝙩𝙞𝙣 𝙇𝙖𝙠𝙪𝙠𝙖𝙣 𝙄𝙣𝙞, 𝙋𝙚𝙢𝙪𝙡𝙖 𝙒𝙖𝙟𝙞𝙗 𝙏𝙖𝙝𝙪!

𝐈. 𝐌𝐞𝐧𝐞𝐧𝐭𝐮𝐤𝐚𝐧 𝐓𝐚𝐤𝐞 𝐏𝐫𝐨𝐟𝐢𝐭 (𝐓𝐏)™

1. Chart analysis
Pay attention to price trends and chart patterns to determine the target price.

2. Determine the profit percentage
Select the desired profit percentage (eg 5-10%).

3. Calculate the TP price
Add the profit percentage to the purchase price.

Example:
Purchase price 100,000, profit 5% = 105,000.

𝐈𝐈. 𝐌𝐞𝐧𝐞𝐧𝐭𝐮𝐤𝐚𝐧 𝐒𝐭𝐨𝐩 𝐋𝐨𝐬𝐬 (𝐒𝐋)™

1. Chart analysis
Identify support and resistance levels.

2. Determine the percentage of loss
Choose an acceptable percentage of loss (eg 2-5%).

3. Calculate the SL price
Subtract the percentage of loss from the purchase price.

Example:
Purchase price 100,000, loss 2% = 98,000.

𝐈𝐈𝐈. 𝐌𝐞𝐧𝐠𝐚𝐭𝐮𝐫 𝐓𝐫𝐚𝐢𝐥𝐢𝐧𝐠 𝐒𝐭𝐨𝐩 (𝐓𝐒)™

1. Open Binance and select a currency pair.

2. Click Trade and select Advanced Options.

3. Enable Trailing Stop.

4. Specify the TS percentage (e.g. 2-5%).

5. Click Place Order.

Example Settings:

- Purchase price: 100,000
- Take Profit (TP): 105,000 (5% profit)
- Stop Loss (SL): 98,000 (2% loss)
- Trailing Stop (TS): 2%

Tips
1. Use technical and fundamental analysis to determine TP and SL prices.
2. Adjust the TP and SL percentages based on the trading strategy.
3. Monitor and adjust TS settings periodically.
4. Use good risk management.
5. When setting TP, SL, and TS must be adjusted to the trading strategy and market conditions.
6. Make sure you understand the risks and benefits before making a transaction.

#BinanceOfficialWebsite
#BinanceAcademy / #BINANCEACADEMY.
#InvestingAdventure #BinanceSquare

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Binance Earn has launched a new Earn Yield Arena , a campaign hub where users can easily participate in multiple campaigns with exclusive rewards of up to $1M. Binance users can earn rewards from Flexible and Locked Products, ETH Staking, SOL Staking, Dual investment, and more to maximize their earnings.
Create a post with #BinanceEarnYieldArena to earn Binance Points and unlock a share of 1000USDC in rewards! Eligible posts must contain at least 100 characters and a maximum of 1 hashtag. All eligible posts will equally share 1,000 USDC token vouchers, capped at $5 per participant. 
Your posts can include the following: 
1. Your experience participating in campaigns from the Earn Yield Arena 
2. Tips on how to maximize your earnings 
3. Investment strategies amidst market fluctuations 
Head to the Task center to claim your posts after posting, point rewards are first come first serve! 
Activity Period: 2025-03-25 to 2025-04-13 
T&Cs: 
-This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. 
Reward Distribution:
-Token vouchers will be distributed within 21 working days after the Activity ends. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. 
-All token voucher rewards will expire 14 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.
-Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. 
-Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions

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