Perpetual Futures Priced In Bitcoin Now Available On Binance

Perpetual futures priced in Bitcoin are now available on the Binance crypto exchange and the so-called “Coin-margined” derivatives will help the users to diversify their trading as we are reading more in the upcoming Binance news today.

Coin-margined perpetual futures contracts priced in BTC are now available on Binance and unlike traditional futures contracts, the buyers and the sellers are obligated to execute a deal on the date regardless of the current conditions on the market since perpetual ones don’t have an expiration date. This means that the traders can hold their positions forever. Binance’s latest derivatives are inversed which means that they are margined and priced in Bitcoin and other cryptocurrencies instead of fiat.

Margins are a form of loan borrowed from one brokerage and used to purchase various assets. The loans are denominated in the US dollar or other traditional currencies. Binance’s perpetual Bitcoin-priced futures just like the quarterly counterparts allow the leverage of up to 125X which is a factor by margin trade’s value as well as the risks that can all be multiplied. According to the announcement, Binance’s crypto-margined perpetual futures aim to help other users diversify the trading methods and to improve margin efficiencies. The activity on regulated BTC futures exchanges and ETH futures volumes has hit another all-time high suggesting a growing interest from investors.

#Binance Futures Will Launch #BTC/USD Coin-Ⓜ Perpetual Contract With Up to 125x Leverage

➡️https://t.co/ZlNkg0FN8I pic.twitter.com/lP4QQgI98o

— Binance (@binance) August 10, 2020

As recently reported in our BNB news, A binance trust wallet has officially reached a five million user milestone as it started going into the DeFi sector. In addition to the new milestone, the Binance Trust Wallet claims to have rapidly acquired about 10% of the user base which is now accessing a new range of DeFi platforms and DApps planning to aggressively expand into the DeFi sector as the investors are looking for liquidity farming and earning opportunities. In a move to keep pace with the ever-expanding ecosystem, the Binance Trust Wallet integrated the token swap platforms such as Kyber and the BinanceDEX.

Also, Binance-US goes down in an undisclosed incident that happened minutes ago but according to the CEO of the platform, we are not looking at a hack attack. The exchange is expected to be down a few hours as per the binance US news, as the exchange stopped all trading and orders after the incident happened. CEO Catherine Coley tweeted that the users’ funds are safe adding that the incident was not hacked.