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The Addition of Thena (THE) to Binance Platforms

2024-11-27

Binance is excited to bring a new asset, Thena (THE), to its various trading and investment services. This announcement aims to provide detailed information about the addition and its impact on users.

Unlock New Investment Opportunities with Binance's THE Addition

Earn with THE

Starting from 2024-11-28 10:00 (UTC), users have the opportunity to purchase THE using a variety of payment options supported on Binance Auto-Invest. This opens up new avenues for earning through crypto.

It allows investors to diversify their portfolios and potentially earn returns by adding THE to their investment mix. The availability of this asset on Binance Auto-Invest provides convenience and flexibility for users.

With different payment options at their disposal, users can choose the method that suits them best and start building their THE holdings.

Buy & Sell Crypto with THE

Users can now buy THE with VISA, MasterCard, Google Pay, Apple Pay, or use their wallet balances on the “Buy Crypto” page. This feature becomes available within one hour of THE being listed on Binance Spot.

It enables seamless trading of THE, allowing users to enter and exit positions quickly. The integration of multiple payment methods makes it accessible to a wide range of users.

Whether you prefer using traditional payment methods or your existing wallet balances, Binance provides the tools to buy and sell THE with ease.

Convert with THE

Within one hour of THE being listed on Binance Spot, users will be able to start trading THE against BTC, USDT, and other tokens on Binance Convert at zero fees.

This conversion feature offers flexibility and liquidity, allowing users to easily swap THE for other popular cryptocurrencies. It simplifies the process of managing and trading multiple assets.

With zero fees for conversions, users can take advantage of market opportunities without incurring additional costs.

Margin Trading with THE

Binance Margin will add THE as new borrowable assets on Cross and Isolated Margin, as well as the THE/USDT pair on Cross and Isolated Margin at 2024-11-27 12:00 (UTC).

Margin trading allows users to leverage their positions and potentially increase their returns. The addition of THE as a borrowable asset provides more options for margin traders.

Users can take advantage of the volatility in the market by using THE as collateral and trading with higher leverage. However, it's important to understand the risks associated with margin trading.

Futures Trading with THE

Binance Futures will launch the USDⓈ-M THE Perpetual Contract at 2024-11-27 12:15 (UTC), with up to 75x leverage.

The launch of the USDⓈ-M THE Perpetual Contract offers traders the opportunity to speculate on the price movement of THE in the futures market. The high leverage allows for potentially significant profits.

However, it's crucial to manage risk carefully when trading futures. Binance provides detailed information on the contract specifications and risk factors to help users make informed decisions.

Please note that the maximum funding rate of the THEUSDT Perpetual Contracts at launch is +2.00% / -2.00%, and the funding fee settlement frequency is every four hours. Binance reserves the right to adjust the specifications of the contracts based on market conditions.

Multi-Assets Mode allows users to trade the THEUSDT Perpetual Contracts across multiple margin assets, subject to applicable haircuts. This provides additional flexibility and diversification options for traders.

The THEUSDT Perpetual Contracts are subject to the Binance Terms of Use and the Binance Futures Service Agreement, ensuring a secure trading environment.

Thank you for your support! Binance Team

Note: This announcement was amended on 2024-11-27 to clarify that the ticksize for THEUSDT is 0.0001.

Trade on-the-go with Binance’s crypto trading app (iOS/Android) and find us on various platforms. Binance reserves the right to amend or cancel this announcement at any time without prior notice.

In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.

Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice.

On Wednesday, stock futures took a downward turn as Wall Street anxiously awaited the Federal Reserve's preferred inflation measure. This awaited data is the final significant economic indicator before the Thanksgiving holiday. The implications of this awaited information are being closely watched by market participants.

Anticipation and Uncertainty in the Stock Market

Impact on Dow Jones Industrial Average

Futures tracking the Dow Jones Industrial Average witnessed a decline of 26 points, which amounts to 0.1%. This slight dip in the futures indicates the cautious sentiment in the market. Investors are carefully observing how this movement will shape the future performance of the Dow. It serves as a reminder of the volatility and unpredictability that can exist in the stock market, even during periods of overall market strength.

Such a small decrease in the Dow futures can have a ripple effect on various sectors and individual stocks. It prompts investors to reevaluate their positions and strategies, as they try to anticipate the potential impact on their portfolios. The Dow's performance is often seen as a barometer of the overall health of the economy, and any significant fluctuations draw the attention of market analysts and investors alike.

Effect on S&P 500 and Nasdaq 100

Contracts tied to the S&P 500 were down by 0.2%, while futures for the tech-heavy Nasdaq 100 index dropped 0.3%. These declines highlight the broader market sentiment and the specific challenges faced by different sectors. The S&P 500 and Nasdaq 100 have been performing well in recent times, but the current situation shows that even these leading indices are not immune to market uncertainties.

The performance of these indices is closely tied to various economic factors and investor sentiment. A decline in futures suggests that market participants are becoming more cautious and may be expecting some headwinds in the near future. It also indicates that the market is digesting the recent gains and looking for more concrete signals before continuing its upward trajectory. Technological stocks, which are heavily represented in the Nasdaq 100, may be particularly sensitive to changes in market conditions and investor sentiment. The drop in Nasdaq futures reflects the concerns and uncertainties faced by this sector.

Market Focus Shifts to October PCE Price Index

Both the S&P 500 and Dow had closed at record levels on Tuesday, demonstrating the market's resilience in the face of various challenges. However, with the focus now turning to the October personal consumption expenditures price index, which is set to be published by the Bureau of Economic Analysis at 10 a.m. Eastern Time Wednesday, the market's attention is firmly fixed on this key economic indicator.

The October PCE price index is a crucial measure of inflation and plays a significant role in shaping monetary policy decisions. Market participants will be closely analyzing this data to gain insights into the current state of the economy and inflationary pressures. Any surprises or deviations from expectations in this report could have a significant impact on market sentiment and the direction of stock prices. The publication of this index marks a critical juncture in the market's trajectory and will provide valuable information for investors and policymakers alike.

Investors find themselves in a state of increased uncertainty regarding the outlook for interest rates following a series of robust data that showcased the economy's resilience. This sentiment has been particularly aggravated by a closely monitored inflation gauge favored by the Federal Reserve. Trading volumes have been relatively subdued and are anticipated to decline even further during the remainder of the week due to the Thanksgiving holiday.

Market Indicators and Their Movements

S&P 500 Futures witnessed a slight rise to 6,017.75 points, while Nasdaq 100 Futures remained steady at 20,819.50 points by 18:17 ET (23:17 GMT). Dow Jones Futures also saw a less than 0.1% increase, reaching 44,852.0 points. These market indicators provide a snapshot of the current market conditions and the fluctuations within different sectors.

Technology Share Losses and Their Impact

Losses in technology shares had a significant impact on Wall Street on Wednesday. A multitude of weak earnings reports raised questions about the extent to which artificial intelligence served as an earnings driver for the broader sector. PC makers Dell Technologies Inc (NYSE:DELL) and HP Inc (NYSE:HPQ) both experienced sharp declines after their quarterly earnings and guidance failed to meet expectations. The limited earnings boost provided by AI spilled over into other AI-exposed stocks, with market darling NVIDIA Corporation (NASDAQ:NVDA) losing 1.2%. This shows how the performance of specific sectors and companies can be influenced by broader market trends and economic data.

Microsoft's Antitrust Investigation and Its Effect

Microsoft Corporation (NASDAQ:MSFT) was a major drag on Wall Street, losing 1.2% as Bloomberg reported that the U.S. Federal Trade Commission had launched a comprehensive antitrust investigation into the company. The stock continued to decline in aftermarket trade. This comes just days after U.S. authorities recommended tech giant Alphabet Inc (NASDAQ:GOOGL) to divest some of its key assets due to antitrust law violations. The news has sparked concerns about increased regulatory challenges for America's largest tech firms. However, the policy outlook remains unclear in the context of a Donald Trump presidency.

Economic Data and Its Implications

A swathe of strong economic readings on Wednesday kept doubts over future interest rate cuts alive. The PCE price index data, which is the Fed's preferred inflation gauge, rose as expected in October, indicating that inflation remained well above the central bank's 2% annual target. Weekly jobless claims data was slightly better than expected, and a revised reading on third-quarter gross domestic product showed that economic growth remained steady. This strength in the U.S. economy is expected to give the Fed more leeway to take a gradual approach in lowering rates. The minutes of the Fed's November meeting revealed that policymakers favored a slow and steady easing in rates. This shows how economic data plays a crucial role in shaping the Fed's monetary policy decisions and the overall market sentiment.