The world’s largest crypto exchange Binance on Friday stated it’s itemizing new USD-M and COIN-M quarterly 0927 supply contracts on Binance Futures. The supply contracts will assist solely prime cryptocurrencies together with Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Chainlink (LINK) and others.
The crypto alternate can be extending the Futures Ultimate Challenge comprising of Daily BTC Price Prediction and Weekly Tesla Challenge for Binance Futures customers. These are a part of Binance’s technique to take care of liquidity on the crypto alternate and guarantee clean market features.
Binance Listing BTC, ETH, ADA, XRP Futures Contracts
According to an official announcement on March 22, Binance revealed itemizing USD-M and COIN-M Quarterly 0927 Delivery Contracts. Users can begin buying and selling these contracts from 08:00 UTC on March 29.
BTCUSDT Quarterly 0927 and ETHUSDT Quarterly 0927 supply contracts will probably be settled in USDT. Binance will provide max leverage of 50x on each futures supply contracts.
Meanwhile, COIN-M supply contracts will assist BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT & LTC. Max leverage on BTC and ETH is 50x and 20x for others crypto.
“Users are only allowed to close their positions or place Reduce Only orders and are not allowed to open any new positions ten minutes prior to delivery,” as per the announcement.
Also Read: Ripple CEO and CLO Backs Ethereum and CFTC, Say US SEC to Lose
Binance BTC Price Prediction and Tesla Challenge
Binance Futures extends the Futures Ultimate Challenge as a consequence of fashionable demand amongst crypto buyers. The Daily BTC Price Prediction and Weekly Tesla Challenge begins at 14:00 UTC on March 24 and ends on April 21 at 13:59 UTC.
Binance presents 0.05 BTC token voucher for predicting the mark worth of BTCUDT perpetual contract. Meanwhile, customers get Golden Tickets and an opportunity to win Tesla Model Y every week till the promotion ends. The alternate grabs main buying and selling volumes from promotions like these, particularly zero-fee buying and selling.
Kaiko revealed the alternate depends closely on zero-fee buying and selling. The zero-fee quantity share has lately hit 40%, highest stage since final March.
Moreover, FDUSD is the second-largest stablecoin by commerce quantity on crypto exchanges and it solely trades on Binance. The zero-fee buying and selling on FDUSD pairs has majorly introduced numerous customers on Binance.
Also Read: BTC and ETH Options Worth $2.6B Set to Expire, Bitcoin Traders Buying Calls for $76K
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