New Era

April

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/new-era-for-link-with-usdc-margined-perpetual-futures-on-binance/" data-wpel-link="internal">New Era for LINK with USDC-Margined Perpetual Futures on Binance</a> 
<a href="https://en.coin-turk.com/bitcoin-price-plummets-on-binance-australia-amid-regulatory-pressure/" data-wpel-link="internal">Binance</a>‘s futures arm, Binance Futures, continues to expand its trading options. In this direction, Binance Futures is launching perpetual futures for Chainlink‘s LINK with up to 75x leverage using USD Coin (USDC) margin. 
<h2 style="text-align: justify" id="strong-launch-of-usdc-margined-perpetual-futures-contract-for-link-strong">Launch of USDC-Margined Perpetual Futures Contract for LINK</h2> 
The major cryptocurrency exchange Binance’s futures arm, Binance Futures, announced that it will launch USDC-margined perpetual futures for LINK on February 16 at 11:30 AM TRT with up to 75x leverage. The maximum funding rate for the LINKUSDC futures contract during the launch will be +/- 0.3750 percent. The funding fee will be automatically collected every eight hours from users who have open positions. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-314545" src="https://coin-turk.com/wp-content/uploads/2024/02/Binance-Altcoin-Vadeli-islem-scaled.jpeg" alt="" width="2560" height="1684"> 
Binance added that it may change the features of the LINKUSDC futures contract, including the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements, depending on market risk conditions. 
On the other hand, users can benefit from a 10% promotional transaction fee discount on all transactions in USDC-margined futures contracts for the LINKUSDC futures contract until April 3 at 3:30 PM TRT. 
<h2 style="text-align: justify" id="strong-futures-vs-perpetual-futures-strong">Futures vs Perpetual Futures</h2> 
As is known, a futures contract commits two parties to trade an asset at a predetermined price on a specific future date. A perpetual futures contract, unlike traditional futures, does not end on the expiry date of a contract but automatically continues into the next period. This way, investors can maintain their futures strategies as a long-term approach without the need to constantly renew or terminate the trade. 
Perpetual futures, unlike traditional futures with a specific expiry date, have a structure where each contract does not immediately end upon expiry but transitions to a new period. This allows investors to continuously maintain their positions, and these trades are generally more suitable for long-term strategies. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/new-era-for-link-with-usdc-margined-perpetual-futures-on-binance/" data-wpel-link="internal">New Era for LINK with USDC-Margined Perpetual Futures on Binance</a></h5>

New Era for LINK with USDC-Margined Perpetual Futures on Binance

Table of Contents

COINTURK NEWS

Outros artigos publicados em 14 de fev. de 2024

Solana’s $45M Breakthrough in Mobile Sales on Shopify

Earn Crypto By Playing Solana Game ‘Aurory’ On Epic Games Store

Bitcoin Surges Above $50,000: Long-Term Holders Start to Sell

Bitcoin (BTC) Is Below $50K. Should Investors Worry?

Exploring AI’s Impact on Cryptocurrency: Expert Takes from the Industry

Santiment Analyzes Bitcoin’s Climb Over $52,000

Join our free newsletter for daily crypto updates!