Binance, the world’s leading cryptocurrency exchange by trade volume, has recently unveiled the addition of new Coin-Margined Quarterly Contracts for XRP and eight other digital assets on its Futures platform. In an official press release and subsequent tweet, Binance highlighted the availability of these contracts and their unique features for traders.
Read Also: AAVE Price Surges by 27% in 5 Hours Amidst Whales’ $13.2M Accumulation
#Binance Futures will list BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, and LTC Coin-Margined Quarterly 1229 Contracts.
Read more ⤵️https://t.co/L7zw5rk9Fa
— Binance Futures (@BinanceFutures) June 27, 2023
XRP Coin-Margined Quarterly Contracts Gives an opportunity for users to leverage XRP
The Coin-Margined Quarterly Contracts provide an opportunity for users to leverage XRP and speculate on its price movements over a specific period. Unlike Perpetual Futures Contracts, these contracts are settled at the proposed expiration date, adding a new dimension to trading possibilities.
Designated by the ticker “Quarterly 1229,” these newly listed Coin-Margined Quarterly Contracts succeed the expiration and settlement of the Coin-Margined Quarterly 0630 Contracts, which concluded on June 30 at 08:00 (UTC).
Read Also: Shiba Inu Witnesses Surge in Weekly Burn Rate, Over 708.76 Million SHIB Permanently Eliminated
As per the information provided in Binance’s official announcement, ten minutes prior to contract delivery, the exchange will only permit users to place “Reduce Only” orders or close existing positions. During this period, opening new orders will not be allowed.
The inclusion of XRP Coin-Margined Quarterly Contracts in Binance Futures demonstrates the exchange’s dedication to providing a diverse range of trading options to its users. With the contract’s ticker indicating an expected end date of December 29, traders can look forward to an extended trading opportunity.
Binance continues to expand its offerings and enhance its platform, aiming to cater to the evolving needs of cryptocurrency traders and investors. The introduction of Coin-Margined Quarterly Contracts for XRP and other assets on its Futures platform further reinforces Binance’s position as a leading player in the crypto exchange market.