Starting February 5, the Binance Futures platform will launch trading of ZEC/USDT perpetual futures contractswith leverage from 1x to 50x.
Now at Binance Futures there will be 14 available pairs of futures contracts: BTC / USDT, ETH / USDT and BCH / USDT, as well as XMR / USDT, DASH / USDT and ZEC / USDT.
Unlike a regular futures contract,permanent or perpetual contracts make it possible to hold positions open for a long time, not limited to a clear repayment date. The price difference between the spot and the ordinary futures contract may be increased depending on the time of execution of the contract. In the case of a perpetual contract, the change between spot and futures prices is significantly reduced.
Traders will be able to choose a leverage from 1x to50s and get access to an insurance fund that can help limit the ability to automatically debit funds. Changpeng Zhao assures that the futures platform has attracted large institutional players, and the growth in the number of professional traders has increased the need for quick transaction processing methods.
In addition to adding a new futures contract, Binance expands the range of investment options in cryptocurrency. Now the exchange is working on the introduction of a staking mechanism on its US platform.
The futures market is growing rapidly, as evidenced by record volumes set in 2019, first by CME futures and then by Bakkt.
