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Binance Announces List of Futures Contracts on BTC, ETH, XRP and Cardano
Binance to List 1227 USD-M and COIN-M Quarterly Delivery Contracts, Largest in the World cryptocurrency exchange announced Wednesday. Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Chain shirt (CONNECTION), Bitcoin Cash (BCH), XRP, Polka dot (DOT) e Litecoin (LTC) will be available to users after the expiration and delivery of the 0628 USD-M and COIN-M quarterly delivery contracts on June 28.
Binance announces futures on BTC, ETH, BNB, XRP, ADA, DOT, LINK and BCH
Binance cryptocurrency exchange in an official announcement on June 19, it said it will launch USD-M and COIN-M Quarterly 1227 Delivery contracts on June 28th.
1227 Quarterly Delivery Contracts Will Be 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 maximum leverage for futures contracts remain unchanged.
The USD-M BTC and ETH 1227 quarterly delivery contracts will have a tick size of 0.1 and 0.01, respectively. It will be launched after the expiration of previous futures contracts, with a maximum leverage of 50x.
Meanwhile, the tick size and maximum leverage for the COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT and LTC Quarterly 1227 delivery contracts are as follows.
Traders will get a maximum leverage of 50x on BTC and ETH futures, with tick sizes 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 tick of 0.01 and ADA and XRP of 0.0001. While LINK and DOT will have a tick size of 0.001.
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XRP and ADA await breakout
The price performance of XRP and ADA is weak compared to other cryptocurrencies such as BTC, ETH and other altcoins. Both altcoins have lower support levels.
ADA pricing the one-year rally has shrunk to just 50%, having recently fallen to $0.36. ADA is currently trading at around $0.40, the December lows seen before the bull market. However, the price has increased by 5% in the last 24 hours, raising hopes of a strong recovery in the coming weeks.
Meanwhile, XRP fell to a yearly low, giving up all gains. XRP Price it 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 over the past 24 hours indicates mixed reactions from XRP and ADA traders. This is due to concerns regarding the expiration of major options on June 28th.
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