Binance Incorporates ETC/USDT Perpetual Contracts

News / 15.01.2020

At the beginning of 2020, Binance, the world’s most lucrative cryptocurrency exchange, began its presentations of new features and developments based on the provision of their services. The top crypto exchange included various additions that backed-up numerous fiat currencies globally. As per its current features, the Turkish Lira (TRY) was among the new modifications, functioning as gateways allowing customers to bind their Visa cards with the technology. In turn, they could purchase XRP, BNB, Ethereum, and even Bitcoin

A New Improved Binance

The firm also published in a blog about its anticipated currency and MasterCard support, to commence soon after the developments. From these reports, it displayed its support in the cryptocurrency purchase using Visa cards made in December 2019.  Furthermore, after the inclusion of both GBP and EUR by the Binance firm, this feature was to approximately 31 countries. Changpeng Zhao, the Binance firm CEO, stated that the organization would fully support all the fiat currencies that total up to 180 currencies. Launching of ETC/USDT perpetual contracts functioned as 75x leverage to the firm. 

More info from the blog post showed that the trade is to commence on the 16th of January, 2020, at 08:00 AM UTC. Likewise, it will avail features allowing users to select leverages between 1 all through 75x. The firm explained that it would set trade prices based on +/- 1% market limit following the first quarter-hour after commencing its trades; this functions as securities that curb market manipulation practices. The Binance firm also recently made the XRP/USDT Future Contracts launch that had similar leverage of 75x. This move was after its presentation of new pair trades that included ONT/USDC, ALGO/USDC, FTM/USDC, USD/USDC, and finally XLM/USDC. 

The top crypto exchange continues to develop additional pairs in crypto trading. The expected target is better liquidity and user experience in the trading of digital currencies. Media outlets constantly praise the firm’s innovations over time. 

A creative writer in the field of content writing for the past 7 years. Iulian is passionate about his work and his interest in areas such as technology, travel, sports, literature and gastronomy have aided him to the research quality in articles that reflect these themes. Recently, he discovered the Bitcoin and the blockchain technology and he’s a big fan now.