In Brief:
- Binance launched Fixed Investment Function
- Users can place pre-order using VISA and Matercard
- The new service is available on Binance official website and Binance App.
- Binance will not provide this service directly
Cryptocurrency exchange Binance launched a new service named Fixed Investment Function. These new features help Binance users to easily purchase a fixed amount of crypto within a set time interval.
According to the announcement, the new service is available on Binance official website or Binance App.
Binance has allowed its users to place a pre-order for cryptocurrency using VISA and Mastercard. However currently, the fixed investment function is only supported by Visa and Mastercard Payment methods.
The services will also allow the “automatic purchase of BTC or favorite cryptocurrency every day, every week, every two weeks, or every month”. Additionally, it also permits you to easily modify, suspend and cancel any of subscribers’ scheduled investment plans.
Moreover, the exchange highlights “These functions are provided on Binance through the services of third-party partners that cooperate with Binance from time to time. Binance will not provide this function directly.
Recently, the crypto exchange is facing regulatory actions, saying it is not properly registered. Watchdogs in the UK, Italy, Singapore, Malaysia, and others have issued public notices against the cryptocurrency exchange.
Binance CEO previously said that the exchange will work with regulators to meet local regulations. Binance recently restricted its services in Singapore to meet with regulatory compliance. It mentioned that from Sept 10, it stopped facilitating the transaction through SGD payment options.
