Binance Announces Integration of EigenLayer (EIGEN) Across Multiple Platforms

Binance, one of many world’s main cryptocurrency exchanges, has introduced the addition of EigenLayer (EIGEN) to a number of of its platforms, together with Binance Easy Earn, ‘Purchase Crypto’, Binance Convert, Binance Margin, and Binance Auto-Make investments. The combination will happen at varied dates and occasions all through October 2024.

Earn

Ranging from October 2, 2024, at 10:00 UTC, customers will have the ability to buy EIGEN utilizing any of the fee choices supported on Binance Auto-Make investments. This addition goals to offer customers with extra flexibility in managing their crypto property.

Purchase & Promote Crypto

Inside one hour of EIGEN being listed on Binance Spot, customers should buy EIGEN with VISA, MasterCard, Google Pay, Apple Pay, or use their pockets balances on the ‘Purchase Crypto’ web page. This transfer is predicted to streamline the acquisition course of for EIGEN and improve person expertise.

Convert

Customers will have the ability to commerce EIGEN in opposition to BTC, USDT, and different tokens on Binance Convert at zero charges inside one hour of its itemizing on Binance Spot. This zero-fee buying and selling is designed to draw extra customers to commerce EIGEN seamlessly.

Margin

Binance Margin will introduce EIGEN as a brand new borrowable asset on each Cross and Remoted Margin. The EIGEN/USDT and EIGEN/FDUSD pairs shall be accessible beginning October 1, 2024, at 07:00 UTC. Customers can confer with the Margin Knowledge for up to date data on marginable property, collateral ratios, and charges.

Futures

Binance Futures will launch the USDⓈ-M EIGEN Perpetual Contract on October 1, 2024, at 06:00 UTC, providing as much as 75x leverage. The preliminary most funding price is about at +2.00% / -2.00%, with a funding payment settlement frequency each 4 hours. The contract specs, together with funding payment, tick measurement, and margin necessities, could also be adjusted primarily based on market circumstances.

For extra particulars, please confer with the official announcement on Binance’s web site [source name].

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