© Reuters. Binance Issues Important Notice to BTC, XRP, and ADA Futures Traders: Details
U.Today: Binance, the world's largest cryptocurrency exchange by trading volume, has issued an important advisory for futures traders.
The crypto exchange reports incidents where some users trading futures received old notifications about their previous trades. Binance assures users that these old notifications do not affect any existing operations and apologizes for any inconvenience caused.
Binance Futures allows traders to trade quarterly and perpetual futures contracts. Quarterly futures contracts in this regard expire after three months.
In September, Binance Futures listed new quarterly futures for BTC, ETH, BNB, ADA, LINK, BCH, DOT, and LTC, as reported.
In another new listing, Binance Futures will launch the USDC-margined DOGE perpetual contract on January 18, 2024 at 10:00 am (UTC).
Perpetuals are futures contracts with no expiration date, which allow investors to speculate on the price of an underlying asset while avoiding physical settlement of the assets involved in standard futures contracts. They also offer greater leverage than standard contracts.
Perpetuals are futures contracts that have no expiration date, allowing investors to speculate on the price of an underlying asset without the physical settlement of commodities required in normal futures contracts. They also provide more leverage than normal contracts.
Perpetuals make it easier for traders to short or place bearish bets on any crypto asset compared to the spot market.
On January 4, Binance officially launched USDC-margined perpetual contracts trading on its platform to improve users' trading experiences and expand the list of trading options available on Binance Futures beyond USDT-margined contracts.
The USDC margined perpetual contract offering began with an initial list of five cryptocurrencies: BNB, SOL, and XRP. The offer will begin on January 18.
This article was originally published on U.Today.
