Main Takeaways
BinanceBuild
In July and August 2024, our Binance teams reviewed and processed 5,636 product and feature ideas submitted by our user community through the Feature Request & Feedback Board.
We’ve observed a very diverse selection of feedback and requests across our product lineup, including but not limited to Binance Square, Bot Trading, and Loans, alongside continuous refinements and fine-tuning of the user interface.
We have plenty to share from what we’ve built over the past two months and have highlighted some of these updates in a fully animated version of our roundup on our official X and Facebook channels.
This is a general announcement. The products and services mentioned here may not be available in your area.
Welcome to #BinanceBuild Our July and August 2024 Recap — Your gateway to discovering the latest improvements within the Binance ecosystem. It will be at the heart of our progress. Small improvements inspired by your valuable suggestions from feature requests and feedback boards are equally important in shaping our growth spree.
Add Value to Your Social Interactions: Updates to Dual Classes Our users and community have been the foundation of our growth since day one. That is why we engage with communities around the world every day and are always adapting to their needs. One of the main platforms for this participation is Binance Square.
Since its launch in October 2022, Square has quickly become the leading social platform for crypto enthusiasts. With more than 30 million monthly active users and 800,000 content creators, it offers a wide range of content across 26 Languages Foster a global discussion on the latest Web3 trends…
Here are the two latest updates we rolled out to the platform. It’s designed to improve your social experience. Upload video We launch support for video content. It is now accessible to all creators who are KYC certified on Binance Square. Upload and share your creative videos, from daily crypto updates and trading strategies to tutorials and guides. Connect with crypto enthusiasts and strengthen the Binance community with your valuable insights.
Binance Square Audio Live: Real-Time Crypto Conversations
Audio Live is a striking update designed for real-time, interactive conversations. Whether you’re listening to expert insights or participating in live Q&A sessions, Audio Live supports up to 10 speakers simultaneously and offers session recording capabilities.
To introduce this new feature, we hosted a fireside chat with our CEO, Richard Teng, on August 28, 2024, providing an excellent opportunity for you to experience Audio Live and Binance Square first hand.
Elevate Crypto Trading with Binance Trading Bots
Cryptocurrency trading can be complex and time-consuming, requiring constant market monitoring. Binance Trading Bots simplify this with tools to automate and optimize strategies.
Consider Binance Trading Bots as automated systems that perform trades on the Binance exchange according to set criteria and strategies. Their primary benefit is the ability to function around the clock, removing the necessity for continuous manual oversight and intervention from the user.
Extended Support for Arbitrage Bot
Futures funding rate arbitrage is a strategy where traders hedge their futures positions by taking opposite stances in the spot market for the same trading pair. This involves opening long and short positions simultaneously to benefit from funding fees, balancing losses with gains to maintain neutral risk. The Binance futures funding rate arbitrage bot automates this strategy, enabling traders to capitalize on funding rate variations without constant monitoring.
To simplify access to the arbitrage bot, we’ve revamped the Binance Bots landing page to highlight available arbitrage opportunities ready for activation, featured alongside a range of other bot strategies.