Just-In: Binance Launches Discounted USDC-Margined BTC, ETH, BNB, SOL & XRP Perpetual Contracts
The world’s largest crypto exchange Binance on Thursday said it will launch USDC-margined perpetual contacts on Binance Futures. Binance is offering USDC-margined futures contracts for major crypto such as Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), and XRP. Users can trade the new perpetuals starting at 12:30 UTC on January 3, 2024.
Binance Announces Major USDC-Margined Perpetual Contacts
Crypto exchange Binance in an official announcement on December 28 unveils the launch of USDC-margined perpeual contracts as it expand support for USDC stablecoin amid ending BUSD support.
Binance Futures will launch the USDC-margined BTC, ETH, BNB, SOL and XRP perpetual contracts, with up to 125x leverage. All USDC-margined futures contracts will have fee structure similar to USDT-margined futures contracts. The reason behind it is “to enhance users’ trading experience and expand the list of trading choices offered on Binance Futures.”
Notably, the exchange will offer a 10% promotional trading fee discount for all trades on USDC-margined futures contracts. In addition, customers using BNB to pay their trading fees will get additional 10% discount on top of the 10% promotional trading fee discount for USDC-margined futures contracts.
“Based on market risk conditions, Binance may adjust the specifications of the aforementioned futures contracts from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements, said Binance.
Also Read: Cathie Wood’s Ark Invest Sells Coinbase, GBTC, SQ Shares, Adds Ark 21Shares & BITO Bitcoin ETFs
On Dec 27, Binance announced adding new USDC spot trading pairs for major crypto including Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Polygon (MATIC).
The new changes by Binance will increase liquidity in the crypto market amid an anticipated rally in the first weeks of January near much-awaited spot Bitcoin ETF approval.
Bitcoin trades sideways above $43,100 and Ethereum jumped over 5% in the last 24 hours. Altcoins BNB, XRP, and SOL also see upside momentum in this Santa Claus rally.
Also Read: Binance Founder Changpeng ‘CZ’ Zhao Seeks Order Related To Travel Permission
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
- Oil Prices Rise as Trump Fails to Provide Timeline for When Iran War Will End
- Bybit Unveils ‘AI Trading Skill’ to Enable Agentic Trading as AI Gains Traction in Crypto
- Breaking: U.S. PCE Inflation Cools to 2.8%, Lower Than Expected
- Bitcoin Price Hits $72K, Top Reasons Why It’s Skyrocketing Today
- Playnance Plans March 18 Launch of G Coin as Activity Grows Across Its Blockchain Gaming Ecosystem
- Solana vs XRP Price Forecast: Can SOL Reclaim Its All-Time High Before XRP Hits $2?
- Top Analyst Predicts Cardano Price Could Surge 100% As Bitcoin Breaks $72k
- What’s Keeping Shiba Inu Below $0.0000065- Analyst Predicts 30% Rise Ahead
- BTC Price to $100K by 2026? Kalshi and Polymarket Odds Climb to 42%
- Why Pi Network Price Surged 30% Today?
- What Happens to XRP Price If US Wins War Against Iran?
