Binance Announces BTC, ETH, ADA, XRP Futures Contracts; Tesla Challenge
binance, the world’s largest crypto exchange, said on Friday that it has listed new USD-M and COIN-M three-month 0927 delivery contracts on Binance Futures. Delivery contracts will only support the top cryptocurrencies. Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ISLAND), chain link (LINK) and others.
The crypto exchange is also expanding its Futures Ultimate Challenge, which includes: Daily BTC Price Forecast And Weekly Tesla Competition For Binance Futures users. These are part of Binance’s strategy to maintain liquidity on its crypto exchange and ensure the smooth functioning of the market.
Binance Lists BTC, ETH, ADA, XRP Futures Contracts
According to the official announcement on March 22, Binance announced the listing USD-M and COIN-M Quarterly 0927 Delivery Contracts. Users can start trading these contracts starting at 08:00 UTC on March 29.
BTCUSDT Quarterly 0927 and ETHUSDT Quarterly 0927 delivery contracts will be made in USDT. Binance will offer a maximum leverage of 50x on both futures delivery contracts.
Meanwhile, COIN-M will support delivery contracts BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT and LTC. The maximum leverage on BTC and ETH is 50x, and on other cryptos it is 20x.
According to the announcement, “Users are only allowed to close their positions or place Decrease Only orders and are not allowed to open new positions ten minutes before delivery.”
Also Read: ripple CEO and CLO Support Ethereum and CFTC, Says US SEC Will Lose
Binance BTC Price Prediction and Tesla Challenge
Binance Futures is extending the Futures Ultimate Challenge due to high demand among crypto investors. Daily BTC Price Forecast And Weekly Tesla Competition It starts on March 24 at 14:00 UTC and ends on April 21 at 13:59 UTC.
Binance offers 0.05 BTC token coupon to predict the tick price of BTCUDT perpetual contract. Meanwhile, users get a Golden Ticket and a chance to win Tesla Model Y Every week until the promotion ends. The exchange generates huge trading volumes from promotions like this, especially zero-commission trading.
Kaiko explained that the exchange relies heavily on zero-commission trading. Zero-fee volume share reached 40%, the highest level since last March.
Additionally, FDUSD is the second largest stablecoin by trading volume on crypto exchanges and is traded only on Binance. Zero-commission trading on FDUSD pairs has largely attracted a large number of users to Binance.
Also Read: $2.6 Billion BTC and ETH Options Will Expire, Bitcoin Investors Receive $76K Call
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Varinder has 10 years of experience in the Fintech industry and has been dedicated to blockchain, crypto and Web3 development for over 5 years. A tech enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles, and articles. Varinder believes in the great potential of future innovative technologies with parofix Media. He currently covers the latest updates and developments in the crypto industry.
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