Binance Futures Launches XRP/USDT Contracts with 75x Max Leverage
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.
Learn more about Binance Futures via Binance Academy’s The Ultimate Guide to Trading on Binance Futures, and check out here for the fee structure. To start trading, visit: https://www.binance.com/en/futures/BTCUSDT
About Binance Futures
Binance Futures offers perpetual futures for BTC/USDT, ETH/USDT, BCH/USDT and XRP/USDT pairs, which serves as a complementary product to the existing BTC/USDT, ETH/USDT, BCH/USDT and XRP/USDT spot pairs on Binance. Visit: https://www.binance.com/en/futures/BTCUSDT, or download Binance iOS crypto app on App Store orBinance Android trading app on Google Play.
About Binance
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven BNB Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, visit:https://www.binance.com
Disclaimer:
Risk warning: Buying, selling, holding and partaking in futures trading of cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. Binance is not responsible for any loss that you may incur from price fluctuations when you buy, sell, hold and leverage cryptocurrencies.