2 November 2024
Leading Exchange Binance Launches Perpetual Futures Contract Priced In Bitcoin
The cryptocurrency exchange giant Binance has launched a new “COIN-margined'' perpetual futures contracts priced in Bitcoin. The new perpetual futures contracts are different from traditional futures contracts where buyers and sellers are obligated to execute the deal on a set date regardless of the current market conditions. In the new one there is no expiration period which means that traders can hold their positions indefinitely. Binance’s new perpetual futures contracts are also “inversed,” which means that they’re margined and priced in Bitcoin and other cryptocurrencies instead of fiat.
The exchange’s perpetual futures priced in bitcoin are similar to its previously launched quarterly counterparts, allowing the leverage of up to 125x—a factor by which a margin trade’s value—as well as the risk—could be multiplied. Binance crypto-margined quarterly and perpetual futures want to help its users to further diversify their trading methods and improve margin efficiencies.
From the past few years, the crypto exchange giant Binance has been expanding its reach globally. Binance has launched various new features and services in the last few years.
Binance has acquired many blockchains and local crypto exchanges all over the world. Recently, the exchange has started its platform for Australian users providing them fiat-to-crypto trading. The CEO of Binance Changpeng Zhao stated that the firm aims to make crypto more accessible among Australian users, furthering its mission to provide crypto access and drive freedom of money worldwide.
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