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Binance Brings New Updates to Trading Platform

Bitcoin

Binance, the largest cryptocurrency exchange has just announced updates to its platform.

On the trading platform, users can now hover over the “Trading Rules” button in order to see: Minimum Trade Amount, Minimum Price Movement, Minimum Order Size and Maximum Market Order Amount. The organisation provided the following image for clarification:

Updates to Come

Users on Twitter seemed happy to hear about these updates, but many pointed out the various much-needed features they are waiting for Binance to provide.

A major request seen in most replies was a Binance application which would work on iOS. Currently, Binance is supported on desktops, both iOS and Windows. However, on mobiles, it is only available on the Google Play Store and Android APK. A glaring absence is Binance for iOS mobile devices and Binance for Linux desktops.

Another Twitter user requested for an easier way to scroll through and scan on the Tradingview chart. They further highlighted an issue with the chart, which needs setting up again every time a user switches between assets. The official Binance Twitter responded to this feedback, stating: “Thank you for the great feedback! I will pass this on to our product team now.”

A Binance user asked for the platform to implement the Lightning Network when processing Bitcoin (BTC) transactions. They argued that the transaction would take mere seconds, and would only charge a small fee. Only time will tell, however, if Binance implements the requested changes to make the app more easy to use.

This update comes among a slew of others over the past week, all of which have boosted the Binance Coin (BNB) price. These include the introduction of ETC, USDC and LTC to its exchange platform, a partnership with Crypto.com, the announcement of an ICO on the Binance Launchpad for the startup Perlin, the enabling of margin trading for Canadians and expansion into the European market.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.