Binance Expands Render (RENDER) Trading and Investment Options

Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of Render (RENDER) to several of its platforms, including Binance Simple Earn, Buy Crypto, Convert, Margin, and Futures. This update is set to take effect from July 26, 2024, according to Binance.

Expanded Trading Options

Render (RENDER) will now be available for purchase through various payment methods, including credit and debit cards, Google Pay, and Apple Pay. Users can also buy and sell RENDER directly using their available wallet balances on the “Buy Crypto” page. Additionally, Binance has enabled trading of RENDER against Bitcoin (BTC), Tether (USDT), and other supported tokens on Binance Convert with zero fees.

Margin and Futures Trading

Starting from July 26, 2024, Binance Margin will list RENDER as a new borrowable asset on Cross and Isolated Margin. Trading pairs such as RENDER/USDT and RENDER/USDC will also be available. Binance Futures will introduce the USDⓈ-M RENDER Perpetual Contract on the same date, offering up to 50x leverage. The maximum funding rate at launch will be +2.00% / -2.00%, with the funding fee settled every four hours.

Investment Opportunities

From July 29, 2024, users will be able to purchase RENDER using any supported payment options on Binance Auto-Invest. This feature allows for automated, periodic investment into RENDER, making it easier for users to dollar-cost average into their positions over time.

Guidelines and Risk Considerations

Binance has provided detailed guidelines and related materials to help users navigate the new offerings. However, it cautions that digital asset prices are subject to high market risk and price volatility. Users are advised to carefully consider their investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions. For more information, users can refer to Binance's Terms of Use and Risk Warning.

This strategic expansion of RENDER trading and investment options is expected to attract a broader user base and provide more flexibility for existing users. As Binance continues to diversify its offerings, it remains committed to providing comprehensive and secure trading solutions for its global community.