- The world’s largest crypto exchange, Binance, announced on Thursday that it would launch USDC
collateralized perpetual contracts on Binance Futures.
- Binance officially announced the initiation of USDC collateralized perpetual contracts on December 28th.
- As a significant note, the exchange will provide a 10% promotional trading fee discount for all transactions on USDC collateralized perpetual contracts.
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The world’s largest crypto exchange, Binance, is adding USDC collateralized pairs for futures trading: Which coins will be listed?
Binance Announces USDC Collateralized Futures Trading
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The world’s largest crypto exchange, Binance, announced on Thursday that it would launch USDC collateralized perpetual contracts on Binance Futures. Binance offers USDC collateralized futures contracts for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), and XRP.
Users can initiate the new perpetual contracts starting on January 3, 2024, at 12:30 UTC. Binance officially announced the launch of USDC collateralized perpetual contracts on December 28 and is expanding support for the USDC stablecoin while discontinuing support for BUSD.
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Binance Futures will introduce USDC collateralized perpetual contracts for BTC, ETH, BNB, SOL, and XRP with leverage of up to 125x. All USDC collateralized futures contracts will have a fee structure similar to USDT collateralized futures contracts. This is aimed at “enhancing user trading experience and expanding the list of trading options available on Binance Futures.”
As a significant note, the exchange will provide a 10% promotional trading fee discount for all transactions on USDC collateralized perpetual contracts. Additionally, customers using BNB to pay trading fees will receive an extra 10% discount on the promotional trading fee for USDC collateralized perpetual contracts.
“Binance may adjust the features of the aforementioned futures contracts over time based on market conditions, including but not limited to adjustments to funding fees, trading units, maximum leverage, initial margin, and/or maintenance margin requirements,” says Binance.
USDC is also supported with spot pairs
On December 27, Binance added new USDC spot trading pairs for major cryptocurrencies like Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Polygon (MATIC). These recent changes made by Binance could increase liquidity in the crypto market alongside the expected approval of a spot Bitcoin ETF in the first weeks of January.
Bitcoin is trading horizontally above $43,100, and Ethereum has recorded an increase of over 5% in the last 24 hours. Altcoins like BNB, XRP, and SOL are also showing upward momentum in this Santa Claus rally.