Blog

The world’s largest crypto exchange Binance on Friday mentioned 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 change can also 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 keep up liquidity on the crypto change and guarantee easy 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 shall be settled in USDT. Binance will supply 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 on account of well-liked 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 value of BTCUDT perpetual contract. Meanwhile, customers get Golden Tickets and an opportunity to win Tesla Model Y every week till the promotion ends. The change grabs main buying and selling volumes from promotions like these, particularly zero-fee buying and selling.

Kaiko revealed the change depends closely on zero-fee buying and selling. The zero-fee quantity share has lately hit 40%, highest degree 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

✓ Share:

Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the large potential of those revolutionary future applied sciences. He is presently protecting all the newest updates and developments within the crypto business.

The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.