Binance launches XRP, Litecoin, EOS, BCH Quarterly Coin-Margined Futures

Monday 30 November 2020, 11:00 PM AEST - 1 month ago

Binance, arguably the worlds biggest crypto-exchange, is in the news after it announced the launch of four more Coin-margined Futures products on Binance Futures. The products being launched are XRPUSD, LTCUSD, EOSUSD, BCHUSD Quarterly 1225 & 0326 Coin-margined contracts.

The XRPUSD Quarterly 1225 & 0326 Coin-margined contracts began trading at 9:00 AM (UTC) today, while the rest of the offerings will open for trading early next month.

Similar to previous leverage offerings for these contracts, users will be able to select between 1-75x leverage on these contracts.

Coin-margined contracts use the base assets, in this case, XRP, LTC, EOS, and BCH as collateral. Functions such as shared margin and customized margin modes (Cross & Isolated) allow arbitrageurs and sophisticated traders to efficiently manage their margin and P&L, thus making it an ideal product for long-term traders, arbitrageurs, and hedgers.

It should be noted that Binance had launched similar products earlier this year. Back then, the exchange had announced ADA and LINK Coin-margined Futures. This was around the same time as when BitMEX revealed plans to launch Quanto Futures for LINK, ADA, EOS, and Tezos [XTZ].

skew.pngSource: Skew

This isnt the first development Binance has been part of recently, however. In fact, according to data from Skew, the exchange has captured the market share of not only BitMEX but also Huobi and OKEx, with Binance having the highest 24-hour Futures Volumes by a considerable amount.

In fact, just under a week ago, Binances trad ...

Read full story on AMBCrypto

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.