Binance Launches New Delivery Contracts and Extends Challenges
The worldโs largest cryptocurrency exchange Binance has announced the listing of new USD-M and COIN-M quarterly 0927 delivery contracts on Binance Futures. These contracts will support top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Chainlink (LINK), and others. In addition to the new contracts, Binance is extending its Futures Ultimate Challenge, which includes the Daily BTC Price Prediction and Weekly Tesla Challenge for Binance Futures users. These initiatives aim to ensure liquidity and smooth market functions on the platform.
New Listing: BTC, ETH, ADA, XRP Futures Contracts
Binance has revealed that it will be listing USD-M and COIN-M Quarterly 0927 Delivery Contracts. Starting from March 29 at 08:00 UTC, users will be able to trade these contracts. The BTCUSDT Quarterly 0927 and ETHUSDT Quarterly 0927 delivery contracts will be settled in USDT and offer a maximum leverage of 50x. The COIN-M delivery contracts will support BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT & LTC with different leverage options. However, users will only be allowed to close positions or place Reduce Only orders ten minutes prior to delivery.
Binance BTC Price Prediction and Tesla Challenge
Due to popular demand among crypto investors, Binance Futures is extending its Futures Ultimate Challenge. This challenge includes the Daily BTC Price Prediction and Weekly Tesla Challenge. The challenge starts on March 24 at 14:00 UTC and ends on April 21 at 13:59 UTC. Participants have the opportunity to win a Tesla Model Y and share 1.4 BTC in prizes.
For the Daily BTC Price Prediction, users can win a 0.05 BTC token voucher by correctly predicting the mark price of the BTCUDT perpetual contract. In addition, participants can earn Golden Tickets and have a chance to win a Tesla Model Y each week until the promotion ends. These promotions attract high trading volumes, especially with zero-fee trading.
The Impact of Zero-Fee Trading
Binance has seen a significant increase in trading volumes due to its zero-fee trading policy. According to Kaiko, the exchangeโs reliance on zero-fee trading has reached its highest level since last March, accounting for 40% of the volume share. This approach has attracted a large number of users to Binance, particularly for FDUSD pairs, as it is the second-largest stablecoin by trade volume and exclusively trades on the platform.
Conclusion: Binance Continues to Innovate and Attract Users
Binanceโs listing of new delivery contracts and extension of challenges demonstrate its commitment to providing diverse investment options and engaging experiences for its users. By supporting top cryptocurrencies and offering leverage options, Binance allows traders to explore different strategies and maximize their potential returns. Additionally, the Futures Ultimate Challenge incentivizes participation through exciting prizes like a Tesla Model Y and significant BTC rewards. These initiatives contribute to Binanceโs position as the leading cryptocurrency exchange and attract a growing user base.
๐ฅ Hot Take: Binance Expands Offerings and Enhances User Engagement ๐ฅ
Binance is constantly expanding its product offerings and introducing new features to enhance user engagement. The recent listing of USD-M and COIN-M quarterly delivery contracts provides traders with more opportunities to diversify their portfolios and capitalize on market movements. Furthermore, the extension of the Futures Ultimate Challenge ensures that users have ongoing incentives to actively participate in Binance Futures. By rewarding accurate price predictions and offering the chance to win a Tesla Model Y, Binance motivates traders to stay engaged and enjoy the benefits of using the platform. As Binance continues to innovate and attract users with its diverse range of products and exciting promotions, it solidifies its position as a leader in the cryptocurrency industry.
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