Binance Announces New Functions For Bitcoin, ETH, XRP, SHIB, DOGE Auto Invest
The world’s largest crypto exchange Binance on Tuesday announces enabling API functionality on Auto-Invest for all users. It allows users to automatically invest in their preferred cryptocurrencies amongst over 210 cryptocurrencies supported on Auto Invest.
Auto-Invest is a dollar-cost averaging (DCA) strategy feature that allows users to automate crypto investments and grow their crypto holdings. It enables creating a “single token plan” for a single cryptocurrency or a “portfolio plan” to buy multiple cryptocurrencies in one portfolio.
According to an official announcement on June 27, Binance Auto-Invest now supports API functionality. It enables the use of the API to manage investment strategies and portfolios. It includes creating new Auto-Invest plans for over 210 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Solana (SOL), and Polygon (MATIC). It also includes meme coins PEPE, SHIB, FLOKI, and DOGE.
Auto-Invest supports over 20 stablecoins and fiat currencies as payment options. It also allows investors to query for status and holdings, edit Auto-Invest plans, and fetch Auto-Invest transaction history.
Also Read: Cardano, Solana, Polygon (MATIC) Under Selloff Pressure From Robinhood and Celsius
Binance Announces Benefits for Institutional Clients and Industry Partners
As part of the API functionality milestone, Binance announces a limited-time offer for all institutional clients and industry partners. 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.
Bitcoin and Ethereum have a return on investment (ROI) of 163.73% and 424.38%, respectively. BTC and ETH prices likely to rally in the next bull market. BTC price currently trades near $30,750, while ETH price is trading above $1880.
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