Binance, the leading global cryptocurrency exchange by trading volume and users, has launched XRP/USDT futures contracts with up to 75x leverage on its Binance Futures trading platform. XRP is the fourth digital asset now available on Binance’s fast-expanding futures trading platform, furthering its mission to provide clients with a better variety of investment options. With the inclusion of XRP/USDT, Binance Futures strengthens its position as the preferred futures trading platform for traders worldwide.
Since its debut, Binance Futures has grown into one of the most popular futures trading platforms. Binance Futures continues to offer new services and introduce new asset options to address community feedback. Traders can trade BTC contracts with a leverage of up to 125x, the highest among major crypto exchanges, as well as trade ETH contracts and BCH contracts with a leverage of up to 75x on the platform.
Powered by an industry-leading matching engine, Binance Futures provides a sustainable and seamless trading experience for its users. The Binance Futures team has also established a robust risk management mechanism that includes a sophisticated risk engine, smart liquidation model, and insurance funds.
Last Friday, Binance Futures launched isolated margin mode, which allows users to control the precise amount of capital that they are willing to risk to limit unrealized losses in the event of adverse price movements. In short, the isolated margin mode allows traders to have more control of leverage and liquidation prices.
“Binance Futures wrapped up the year 2019 with 99,090,000,000 USDT total trading volume, witnessing the continuous growth of retail and institutional investors. We value user feedback and have been addressing their requests by introducing innovative functionalities and selecting the most valued digital assets by the community,” said Aaron Gong, Director of Binance Futures. “From the inception, we have been seeking ways in building a futures trading platform that allows traders to trade their favorite assets according to their trading strategies. We are confident that Binance Futures will eventually evolve into a platform for price discovery, crypto adoption, and value creation.”
XRP is a decentralized digital asset built specifically for payments. Fast, stable and scalable, the XRP Ledger enables its users to verify and settle a transaction in just 2-3 seconds, at the cost of fractions of a penny. It’s the third-largest digital asset by market cap and one of the most popular ones among crypto adopters. By introducing XRP contracts on the platform, Binance Futures offers more options for traders to utilize their preferred assets and drives crypto adoption across the world.
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I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.