One of the world’s leading the crypto exchange, Binance, has announced new “COIN-margined” perpetual futures contracts priced in Bitcoin. Unlike traditional futures contracts, where buyers and sellers are obligated to execute the deal on a set date regardless of the current market conditions, perpetual ones don’t have an expiration period, which means that traders can hold their positions indefinitely. Crypto exchange’s latest perpetual futures contracts are also “inversed,” meaning that they’re margined and priced in Bitcoin and other cryptocurrencies instead of fiat.
Perpetual futures price in bitcoin allows the leverage of up to 125x.
Binance’s perpetual futures priced in bitcoin, just like their previously launched quarterly counterparts, allow the leverage of up to 125x—a factor by which a margin trade’s value—as well as the risk—could be multiplied. As per the announcement, Binance’s crypto-margined quarterly and perpetual futures aim to help users further diversify their trading methods and improve margin efficiencies. Binance has been expanding its reach globally from the last few years. The crypto exchange led by Changpeng Zhao has launched several new features and services in the last few years.
Binance continues its global expansion.
One of the leading crypto exchanges in the world, Binance has expanded globally over the last few years. Changpeng Zhao led crypto exchange has acquired many local crypto exchanges and blockchain firms across countries. Earlier the exchange provided a fiat-to-crypto platform for Australian users. Changpeng Zhao said that Binance Australia aims to make crypto more accessible among Australian users, furthering its mission to provide crypto access and drive freedom of money worldwide. The crypto exchange has acquired and collaborated with several crypto businesses around the world in recent times, making its reach more global than its competitors. Binance also launched its mining pool earlier this year.