Binance customers may now utilize the auto-invest option for FTM, the Fantom blockchain’s native coin. According to the exchange, the token has now joined the expanding list of digital currencies with the auto-invest option activated, which revealed this early today.
Users may utilize the tool to invest their tokens automatically using a dollar-cost averaging technique.
FTM now has an Auto Invest option
One of Binance’s newest features is auto-investment. Users may automate their crypto investments and receive passive income as a result. The Binance app has an auto-invest feature that allows users to control how volatility affects their investments.
As part of its Binance Earn package, Binance started auto investing in November 2021. Only Bitcoin, Ethereum, and the exchange’s native cryptocurrency, BNB, were supported at the time of debut.
Since then, the cryptocurrency company has added Solana, Polkadot, Cardano, Algorand, Terra, Litecoin, and more crypto-assets.
As per Binance, more than 100,000 auto-invest plans will have a total trading volume of more than $10 million by the end of 2021. This indicates that a large number of people are using the feature.
The price of FTM has dropped by 0.8 percent in the last 24 hours
One of the few high-performance open-source systems with smart contract capabilities is the Fantom blockchain. The network views itself as superior to other blockchain networks because of its revolutionary consensus method.
It was recently in the headlines due to a new governance proposal to lower the number of self-staked tokens required to act as a validator on the network. According to DeFiLlama statistics, the platform is home to multiple decentralized apps and has a TVL of over $8 billion.
As a result, the inclusion of FTM is anticipated to help raise the token’s long-term worth. FTM’s value has declined by 0.8 percent in the previous 24 hours, and it is now trading at $2.06.
This adds to the stock’s recent bad price performance, which has seen it drop 8.5 percent in the past seven days and approximately 30% in the preceding 30 days.
