Crypto News: Binance Introducing Auto-Invest API Amidst Regulatory Challenges

In recent weeks, Binance, a popular cryptocurrency exchange, has faced significant challenges due to a lawsuit filed by the SEC (Securities and Exchange Commission).

This legal action has not only subjected Binance to regulatory investigations in various countries, including Nigeria and France, but has also put the exchange under scrutiny. 

Despite these difficulties, Binance continues to push forward with its innovative initiatives. A recent announcement from Binance reveals the introduction of API functionality for Auto Invest, a feature that allows users to invest in cryptocurrencies such as Bitcoin, Ethereum, Ripple, Shiba Inu, and Dogecoin.

Binance Introduces API Functionality for Auto-Invest

On Tuesday, Binance, the largest cryptocurrency exchange globally, made an exciting announcement. They introduced API functionality for Auto-Invest, making it accessible to all users. This new feature empowers users to invest automatically in their preferred cryptocurrencies from a vast selection of over 210 supported options on Auto Invest.

Auto-Invest incorporates a dollar-cost averaging (DCA) strategy, which is designed to help users grow their cryptocurrency holdings steadily. It enables users to automate their crypto investments, providing convenience and potential long-term benefits. With Auto-Invest, users can create either a “single token plan” for investing in a specific cryptocurrency or a “portfolio plan” for purchasing multiple cryptocurrencies within a single portfolio. 

Auto-Invest Unleashes a Vast Array of Cryptocurrencies and Payment Options

This feature allows users to create new Auto-Invest plans for a wide range of more than 210 cryptocurrencies. Notable cryptocurrencies supported include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Solana (SOL), and Polygon (MATIC). Additionally, popular meme coins like PEPE, SHIB, FLOKI, and DOGE are also included.

To offer flexibility, Auto-Invest supports over 20 stablecoins and various fiat currencies as payment options. Investors can easily check the status of their investments and holdings, make edits to their Auto-Invest plans, and retrieve transaction history for their Auto-Invest activities.

Binance Has Announced Additional Benefits

To further incentivize institutional clients and industry partners, Binance has introduced a compelling limited-time offer. As part of their API functionality milestone, Binance is providing an opportunity for clients and partners to earn additional rewards.

It enables clients and partners to receive 50% more commissions on every transaction completed with the Auto-Invest API from a $1,000,000 Partnership Commission Sharing Pool.

In Conclusion, 

Despite the regulatory challenges faced by Binance, the exchange remains resilient and continues to drive innovation in the cryptocurrency space. With the introduction of features like API functionality for Auto-Invest, it seems like Binance is empowering its users to grow their crypto holdings steadily.