Binance announced the launch of the latest feature of the fixed investment function. This investment program will facilitate crypto investment services for retail investors by allowing the purchase of crypto at a fixed amount over a period of time.
Binance users can pre-book crypto purchases through VISA and Mastercard respectively. It should be noted, the fixed investment function is only supported by VISA or Mastercard for now.
These latest features will facilitate users with an improved automated purchase service. This means investors can set a specific purchase amount for the crypto of their choice and that amount will be deducted from their Visa or Mastercard based on a specific period.
In other words, investors can implement DCA in their investment strategies with automatic recurring purchases. Some are of the view that this strategy is safer even if it does not promise too lucrative returns. Even so, the exchange suggests that this fixed investment schedule is easily changed or delayed according to consumer preferences.
On the other hand, Binance decided to withdraw its product offerings in Singapore. The withdrawal will take effect on September 9.
Following that date, Singapore investors will no longer be allowed to trade cryptocurrencies or accept any payments in Singapore dollars (SGD).
