Binance launches Stop-Limit function

Binance exchange added Stop-Limit functionin order to let users buy assets without constantly watching market movements
12 December 2017   3010

On November 20, Binance, a cryptocurrency exchange based in Tokyo, has made an announcement stating that a function of Stop-Limit was implemented. Basically, it means that a stop-limit order will be executed at a certain and potentially better price, after a given stop price has been reached. When the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.

To show an Example: The last traded price of BNB is 0.000165 BTC, and the resistance is around 0.000169 BTC. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more BNB at the price of 0.000170 BTC.

Binance official statement

Previously, we have reported that the chinese exchange Binance announced adding Monaco tokens to the platform in August 2017, and it announced support for Zcash and NEO in November 2017.

Binance to Donate $1.5M to Fight Coronavirus

Also, the company was trying to purchase 70k masks and give them to the people, but was able to find the only 8k due to huge demand
27 January 2020   187

Cryptocurrency companies have expressed their willingness to help the people of China amid the outbreak of coronavirus 2019-nCoV. So, the Binance exchange will donate 10 million yuan ($ 1.44 million).

Zhao later said that the Binance team has contacted China's largest e-commerce and logistics companies. The exchange ordered about 70,000 medical masks from other countries, but was faced with the fact that all masks were sold out in nearby regions, and so far only 8,000 could be found. The problem of sending them to Wuhan, which became the epicenter of the disease, also remains relevant.