🔥 Major Updates for #Solana (SOL) on Binance
1. New Trading Options: SOL/USDT
Binance has introduced new trading options for Solana (SOL) paired with Tether (USDT). Starting November 12, 2024, users can trade SOL/USDT options on both daily and weekly intervals. This move aims to provide more trading flexibility for Solana enthusiasts.
Coin Surges
2. Binance Staked SOL (BNSOL) with 10% APR
Binance has listed Binance Staked SOL (BNSOL) with a 10% Annual Percentage Rate (APR). Users can stake SOL through Binance's "Earn" feature, use the Binance Web3 Wallet, or deposit existing BNSOL tokens into their accounts. A promotion running from October 16, 2024, offers boosted returns of up to 10% APR for new and existing BNSOL holders. After the promotion, the APR will return to its usual rate.
The Crypto Times
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cryptologia.io
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3. Margin Trading Pairs: SOL/USDC
Binance has added six new trading pairs, including SOL/USDC, for margin trading. This move aims to offer more flexibility and diversification in trading strategies. However, it's important to note that the price of Solana (SOL) has experienced a 5% drop amidst a broader market correction.
The Crypto Times
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CryptoPotato
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Coin Surges
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4. Integration with Binance Web3 Wallet
Binance has integrated the Solana network with its Web3 wallet, allowing users to manage tokens and access various decentralized applications (dApps) on the Solana network. This integration opens up opportunities for users to interact with Solana-based dApps and participate in upcoming airdrops.
