Stay Updated with Binance’s Latest Perpetual Contracts and Futures Trading Enhancements
As a crypto enthusiast, you may be interested to know that Binance, the world’s largest cryptocurrency exchange, is introducing new perpetual contracts with high-leverage options to further improve its futures trading platform. Here’s what you need to know:
What’s New with Binance?
If you’re an avid user of Binance Futures, you’ll be pleased to hear that the exchange is expanding its list of trading options. In a bid to enhance users’ trading experience, Binance will be launching the ARB/USDC and NEO/USDC perpetual contracts with up to 50x leverage, while FIL/USDC will offer up to 75x leverage. These new trading options are set to go live on April 18.
- Binance will introduce ARB/USDC and NEO/USDC perpetual contracts with up to 50x leverage.
- FIL/USDC will offer traders the option of up to 75x leverage.
- The exchange may adjust the specifications of these contracts based on market risk conditions.
- Traders will be able to use cryptocurrencies like Bitcoin (BTC) as margin for these perpetual contracts.
However, despite these enhancements, the cryptocurrencies involved in these new perpetual contracts are not immune to the overall market downturn. ARB has seen an 8% drop, NEO has retraced by 13%, and FIL has lost around 6% of its value.
Previous Changes by Binance
Binance has been constantly evolving and updating its platform to cater to the needs of its users. In March, the exchange delisted Monero (XMR) and three other altcoins, while adding new assets like Filecoin (FIL), NEAR Protocol (NEAR), and Stellar (XLM) for lending on Binance Loans.
Furthermore, Binance has recently made a range of other modifications and additions:
- The exchange enabled trading and Spot Algo Orders Trading Bots services for the USDT/MXN pair.
- It added 18 new assets to its lending platform, including dogwifhat (WIF), Pepe (PEPE), Hedera (HBAR), IOTA (IOTA), and Celestia (TIA).
- Saga (SAGA) and Tensor (TNSR) were included in the VIP Loan section.
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