Binance, the cryptocurrency exchange, announced the launch of six new USDⓈ-margined perpetual contracts. This expansion opens new opportunities for traders in the dynamic digital asset market.
What are Perpetual Contracts?
Perpetual contracts differ from traditional futures by having no expiration date, allowing traders to hold positions indefinitely, offering more flexible strategies. USDⓈ-margined contracts are settled in stable assets like USDT, reducing volatility.
Binance's New Crypto Listings
Binance announced the addition of six new contracts: TUT/USDT, BID/USDT, BROCCOLI714/USDT, BROCCOLIF3B/USDT, SIREN/USDT, and BANANAS31/USDT. These contracts support leverage up to 25x, giving traders more options for diverse strategies.
Trading Prospects with USDT Contracts
USDT-margined contracts are gaining popularity due to their stability. Using USDT as a margin asset reduces volatility risk and simplifies profit and loss calculations, crucial in volatile crypto market conditions.
Binance's announcement of new USDⓈ-margined perpetual contracts provides traders with new tools for navigating diverse market conditions. This highlights Binance’s commitment to offering a comprehensive and versatile platform to its users.
