As a seasoned crypto investor with several years of experience under my belt, I’m always keeping an eye on the latest developments in the cryptocurrency space. Binance’s announcement of USD-M and COIN-M Quarterly 1227 Delivery Contracts for Bitcoin, Ethereum, BNB, Cardano, Chainlink, Bitcoin Cash, XRP, Polkadot, and Litecoin is certainly worth noting.
Binance has announced that it will introduce USD-M and COIN-M Quarterly 1227 Delivery Contracts for Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Chainlink (LINK), Bitcoin Cash (BCH), XRP, Polkadot (DOT), and Litecoin (LTC). These contracts will be available for trading starting from the announcement on Wednesday. After the expiry and delivery of USD-M and COIN-M Quarterly 0628 Delivery Contracts on June 28, users will be able to redeem or settle their positions in the listed cryptocurrencies.
Binance Announces BTC, ETH, BNB, XRP, ADA, DOT, LINK, BCH Futures
Beginning on June 28, Binance will introduce Quarterly USD-M and COIN-M Futures contracts with delivery in the 1227th quarter according to their official announcement on June 19.
After the USD-M and COIN-M Quarterly 0628 Delivery Contracts expire and are settled at 08:00 on June 28, 2024, the new quarterly 1227 delivery contracts will be made available for trading a few hours later. The tick size and maximum leverage for these futures contracts will remain the same.
Contracts for USD-denominated Bitcoin (BTC) and Ethereum (ETH) deliveries in the quarterly 1227 futures market will feature tick sizes of 0.1 US dollars for BTC and 0.01 US dollars for ETH. These contracts are expected to be introduced following the expiration of earlier future agreements, with a maximum allowable leverage ratio of 50:1.
As a crypto investor, I’m always keeping an eye on the details of various investment instruments, including their tick sizes and maximum leverage for specific contracts. Here’s what I’ve learned about the Quarterly 1227 delivery contracts for COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, and LTC:
As an analyst, I’d rephrase that as follows: I. For Bitcoin (BTC) and Ethereum (ETH) futures, traders can achieve a maximum leverage of 50x. The smallest price change for BTC will be 0.1 units, while for ETH it will be 0.01 units.
XRP and ADA Awaits Breakout
As a crypto investor, I’ve noticed that the price action of XRP and ADA isn’t as strong as some other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), along with several other altcoins. Currently, both XRP and ADA are hovering around their lower support levels.
The price surge of ADA over the past year has dwindled to half its value, dropping as low as $0.36 recently. At present, ADA is hovering around $0.40, approaching the December thresholds prior to the market upturn. Yet, a 5% increase in price within the last day instills optimism among investors for a robust revival in the upcoming weeks.
Currently, XRP has reached its lowest point this year, erasing any previous gains. At present, the XRP price hovers around $0.493, falling short of the significant psychological threshold. Over the past 24 hours, the low and high prices were recorded at $0.4773 and $0.5078 respectively.
As a researcher studying the cryptocurrency market, I’ve noticed intriguing activity in the futures markets over the past day. Specifically, XRP and Ada traders have shown contrasting reactions. The hesitancy stems from looming concerns surrounding major options expiries scheduled for June 28th.
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2024-06-19 10:35