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   1283

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 $1M to Japanese Flood Victims

Changpeng Zhao called cryptocurrency community for donations
09 July 2018   370

Binance, the largest in terms of trade transactions, has donated $ 1 million to flood victims in Japan, and invites other companies and individuals to join the charity initiative.

Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.
 

Changpeng Zhao

CEO, Binance

Changpeng Zhao noted that the exact scheme for transferring funds to the flood victims will be determined in the very near future. Those who also want to make a donation, are invited to a Twitter reply, while such a gesture of good will will be taken into account when considering their coins listing on Binance. Such a donation can be done in ETH or ERC-20 tokens.

A major flood in Japan this week was caused by a typhoon that caused heavy rainfall. According to themedia, as of Monday mornng the number of deaths due to torrential rains and landslides reached more than 100 and many are reported missing.