Since its launch in September 2019, Binance Futures futures trading service has added a wide range of digital asset-based contract options and allows traders to trade large with leverage. from 1 to 125 times (for BTC).
Binance's notice states:
Binance Futures will launch an XMR / USDT permanent contract and the trade will open on February 3, 2020 at 15:00 PM (Vietnam time). Users will be able to choose from 1-75x leverage.
Binance Futures will launch XMR / USDT perpetual contract and trading opens on 2020/02/03 08:00 AM (UTC). Users will be able to select between 1-75x leverage. @binance @monero #marginhttps://t.co/7cn2nTYn1M
– AZCoin News (@azcoinnews) February 2, 2020
The Binance exchange also takes a precaution to ensure that there will be no market manipulation after the launch of futures. This platform will be implementing pricing limits of ± 1% above the marked price for the first 15 minutes after the trade. This move is the result of the strong price increases after Binance announced the information.
ADA futures will join a host of other derivative tools for cryptocurrencies at Binance. The exchange currently offers futures contracts for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP, EOS, Litecoin (LTC), TRON (TRX), Ethereum Classic (ETC), Stellar ( XLM) and Cardano (ADA). All transactions are done with Tether (USDT).
The addition of margin trading to smaller altcoins tends to cause them to have high volatility, which may indicate that XMR will soon see the massive increase in volatility it has generated over the course of several weeks. and last month.
Margin trading has long been a popular way for surfing investors to take advantage of Bitcoin's volatility, with platforms like Bitmex growing to capture a large volume of market transactions. Currently, Binance Futures and Bitmex are the two biggest competitors competing in the margin market.
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