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Binance Expands Their Product-Mix By Launching Quarterly Futures Contracts
The renowned cryptocurrency exchange in the world, Binance, has unveiled its debut futures contract with a quarterly expiration date.
The contract is settled in the denominated BTC asset and will expire on the last Friday of the corresponding three-month period. The BTCUSD quarterly futures contract is labelled “BTCUSD Quarterly 0925”, indicating that the expiration date is set for 2020/09/25 8:00 AM (UTC). The BTCUSD Quarterly Futures Contract is Binance’s first derivative contract with a set expiration and settlement date.
Well, as an offer of this launch, users are entitled for 30 days of maker fee rebates and enjoy as low as 0.020% in taker fees when trading on the BTCUSD Quarterly Futures Contract from today, with this product one can use 125x leverage.
Thereby, Binance appeared to be cueing at the most likely expansionary business venture into various marketplace.
Binance.US predominantly targeted for America’s acceptance, access, and use of digital assets, providing an easy and secure way for users to use their USD to buy and sell a diverse selection of digital assets. Binance Futures launched perpetual futures contracts for XRP.
Binance entered South Korea with KRW stablecoin, and they recently introduced bitcoin options trading mechanism also to expand crypto-derivatives marketplace.