Binance, the world’s largest crypto exchange, has recently announced that it has enabled API functionality on its Auto-Invest feature for all users. This new development allows users to automatically invest in their preferred cryptocurrencies from a selection of over 210 options supported by Auto-Invest.
Binance’s New Feature Aims to Simplify the Investment Process
Auto-Invest is a feature that utilizes a dollar-cost averaging (DCA) strategy to help users automate their crypto investments and grow their holdings. Users can create either a single token plan for one cryptocurrency or a portfolio plan to buy multiple cryptocurrencies in one portfolio.
With the new API functionality, users can now manage their investment strategies and portfolios using the API. This 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), as well as meme coins like PEPE, SHIB, FLOKI, and DOGE.
Additionally, Auto-Invest supports over 20 stablecoins and fiat currencies as payment options and allows investors to query for status and holdings, edit Auto-Invest plans, and fetch transaction history.
To celebrate this milestone, Binance is offering a limited-time promotion for all institutional clients and industry partners. Clients and partners are eligible for a 50% increase in commissions on all transactions made through the Auto-Invest API, with funds coming from a $1,000,000 Partnership Commission Sharing Pool.
This development is significant for investors looking to automate their crypto investments and take advantage of the potential returns offered by cryptocurrencies such as Bitcoin and Ethereum, which have had returns on investment of 163.73% and 424.38%, respectively. With BTC currently trading near $30,750 and ETH above $1880, many are anticipating a rally in the next bull market.
Overall, Binance’s announcement of API functionality on Auto-Invest represents an exciting development for crypto investors looking to automate their investments and take advantage of the potential returns offered by the cryptocurrency market.
