Binance Update
Here's the latest #BinanceUpdate as of May 27, 2025:
š Platform & Product Updates
Binance Square Live Trading: Binance has launched live trading on Binance Square, allowing users to engage directly with trading strategies.
Discontinuation of UZS Support: Support for the Uzbekistani Som (UZS) on Binance P2P will be discontinued.
Collateral Ratio and Margin Updates: Updates to the collateral ratio under Portfolio Margin and adjustments to the leverage & margin tiers of USDā-M Perpetual Contracts are scheduled for May 30, 2025.
Binance Earn Yield Arena: New limited-time offers are available, offering up to 12.9% APR.
VIP Loan Expansion: NXPC has been added as a new loanable asset on VIP Loan.
Futures NEXT Services Update: Binance Futures will gradually cease support for Futures NEXT over the next two weeks.
š Promotions & Campaigns
Write to Earn Campaign: Binance Square has launched a āWrite to Earnā campaign, offering up to 100% bonus in WCT token vouchers for eligible content creators. The campaign runs from May 26 to June 30, 2025.
Binance Alpha $1.7M Reward Pool: Binance Alpha has announced a massive $1.7 million reward pool for participants.
Orbiter Finance Trading Competition: A new trading competition featuring Orbiter Finance (OBT) offers users a chance to share 50 million OBT tokens (worth approximately $640,000). The campaign runs from May 24 to June 7, 2025.
š§āāļø Regulatory & Leadership Developments
Leadership Transition: Richard Teng took over as CEO of Binance in 2023, aiming to rehabilitate Binance's image and restore trust through compliance and transparency.
Changpeng Zhao's Legal Issues: Former CEO Changpeng Zhao served four months in prison after pleading guilty to violating anti-money-laundering laws. He has formally applied for a presidential pardon, raising concerns among Democratic senators about potential conflicts of interest.
š Market Snapshot
For more detailed updates, you can visit Binance's official announcement page:
