Binance, the world’s leading cryptocurrency exchange, has announced the listing of new USD-M and COIN-M quarterly 0927 delivery contracts on its Futures platform. These contracts will facilitate trading for top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Cardano (ADA), Chainlink (LINK), and others. Additionally, Binance is extending its Futures Ultimate Challenge, featuring the Daily BTC Price Prediction and Weekly Tesla Challenge, aimed at promoting liquidity and enhancing market efficiency on the exchange.
The newly listed USD-M and COIN-M Quarterly 0927 Delivery Contracts will be available for trading starting from 08:00 UTC on March 29. The BTCUSDT Quarterly 0927 and ETHUSDT Quarterly 0927 delivery contracts will be settled in USDT, offering a maximum leverage of 50x. Meanwhile, the COIN-M delivery contracts will support a variety of cryptocurrencies, including BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, and LTC, with maximum leverage ranging from 20x to 50x, depending on the crypto asset.
Participants in these futures contracts are allowed to close their positions or place Reduce Only orders, but they are prohibited from opening new positions within ten minutes prior to delivery.
Furthermore, Binance is continuing its Futures Ultimate Challenge, commencing from March 24 and ending on April 21. This challenge includes the Daily BTC Price Prediction, offering rewards in the form of 0.05 BTC token vouchers for predicting the mark price of BTCUDT perpetual contracts. Additionally, participants have the opportunity to win Tesla Model Y through Golden Tickets distributed weekly during the promotion period. These initiatives attract significant trading volumes, especially with the allure of zero-fee trading on FDUSD pairs, further solidifying Binance’s position as a leading cryptocurrency exchange.