Binance Announces BTC, ETH, XRP, Cardano Future Contracts Listing
Highlights
- Crypto exchange Binance to launch USD-M and COIN-M Quarterly 1227 Delivery Contracts on June 28.
- Users can trade BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT and LTC futures after delivery of previous futures contracts.
- XRP and ADA prices jumps as altcoins' prices jump higher in the last 24 hours.
Binance will list USD-M and COIN-M Quarterly 1227 Delivery Contracts, the world’s largest crypto exchange announced on Wednesday. Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Chainlink (LINK), Bitcoin Cash (BCH), XRP, Polkadot (DOT) and Litecoin (LTC) will be available for users after expiry and delivery of USD-M and COIN-M Quarterly 0628 Delivery Contracts on June 28.
Binance Announces BTC, ETH, BNB, XRP, ADA, DOT, LINK, BCH Futures
Crypto exchange Binance in an official announcement on June 19 said it will launch USD-M and COIN-M Quarterly 1227 Delivery Contracts on June 28.
The quarterly 1227 delivery contracts to become available for trading a few hours after USD-M and COIN-M Quarterly 0628 Delivery Contracts expire and settle at 08:00 on June 28, 2024. Notably, the tick size and max leverage for futures contracts remain unchanged.
USD-M BTC and ETH Quarterly 1227 delivery contracts will have a tick size of 0.1 and 0.01, respectively. It will be launched after the expiry of previous future contracts, with a maximum leverage of 50x.
Meanwhile, tick size and maximum leverage for COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT and LTC Quarterly 1227 delivery contracts are as follows.
Traders will get 50x maximum leverage on BTC and ETH futures, with tick size of 0.1 and 0.01, respectively. BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT and LTC will have a maximum leverage of 20x. BNB, BCH, LTC’s tick size of 0.01 and ADA and XRP of 0.0001. Whereas, LINK and DOT will have a tick size of 0.001.
Also Read: Binance’s Key Announcement For WIF, BONK, FLOKI, NOT, ZK And 6 Other Crypto
XRP and ADA Awaits Breakout
XRP and ADA’s price performance is weak as compared to other crypto such as BTC, ETH, and other altcoins. Both altcoins are at lower support levels.
ADA price rally in a year has reduced to just 50% as it fell to $0.36 recently. ADA is currently trading at near $0.40, the December low levels seen before the bull market. However, the price jumped 5% in the last 24 hours has raised hopes of a strong recovery in the coming weeks.
Meanwhile, XRP has dropped to a yearly low, giving up all gains. XRP price is currently trading at $0.493, below the key psychological support level. The 24-hour low and high are $0.4773 and $0.5078, respectively.
Futures trading data in the last 24 hours indicate mixed reactions from XRP and ADA traders. It is because of concerns surrounding major options expiry on June 28.
Also Read: Terra Luna Classic (LUNC) Burn Tax Change Proposal Officially Passed
- Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes
- Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up
- Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume
- Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow
- US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
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.
