Binance Unveils BTC, ETH, ADA, XRP Futures; Tesla In Focus

Binance, the world’s leading cryptocurrency exchange, announced on Friday that it will introduce new USD-M and COIN-M quarterly 0927 delivery contracts on Binance Futures. These contracts will exclusively cater to major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Chainlink (LINK), and more.

The crypto exchange is expanding its Futures Ultimate Challenge, including the Daily BTC Price Prediction and Weekly Tesla Challenge, for users of Binance Futures. These initiatives align with Binance’s strategy to uphold liquidity within the crypto exchange and facilitate seamless market operations.

However, On Mar 22, Binance officially announced the USD-M and COIN-M Quarterly 0927 Delivery Contracts listing. Trading for these contracts will commence at 08:00 UTC on March 29.

Settlement for BTCUSDT Quarterly 0927 and ETHUSDT Quarterly 0927 delivery contracts will occur in USDT. Binance will provide a maximum leverage of 50x for both futures delivery contracts. COIN-M delivery contracts will also encompass BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, and LTC, with maximum leverage set at 50x for BTC and ETH and 20x for other cryptocurrencies.

Exclusive FDUSD Trading: Binance Magnet

Ten minutes before delivery, users can only close their positions or put Reduce Only orders; they are not permitted to open any new positions, according to the notification. Binance is currently providing a 0.05 BTC token voucher to those who accurately predict the marked price of the BTCUDT perpetual contract.

Additionally, users can win a Tesla Model Y weekly by acquiring Golden Tickets, available until the promotion concludes. Such initiatives, including zero-fee trading, significantly contribute to the exchange’s substantial trading volumes.

Furthermore, FDUSD ranks as the second-largest stablecoin regarding trade volume within the crypto exchange sphere, exclusively available on Binance. The absence of trading fees for FDUSD pairs has significantly attracted a substantial user base to the Binance platform.

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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.

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