Binance, the largest cryptocurrency exchange, made new announcements for three altcoins. SSV, VIB and BNX were included in the announcements of the stock exchange, which is one of the largest in the world in terms of daily trading volume. Here are the details…
Binance launches new perpetual futures contracts
cryptocoin.com As we have also reported, Binance, the largest exchange by volume, made an announcement for the SSV Network (SSV). According to the announcement, the exchange will launch SSV perpetual futures contracts with up to 20x leverage on February 24, 2023, 15:00 Turkish time. Based on market risk conditions, the platform may adjust the characteristics of contracts from time to time, including tick size, maximum leverage, initial margin and/or maintenance margin requirements. In general, the details of the contract are in the table below:
The exchange also offers a “multi-asset”, that is, multi-asset mode. Thus, users can buy and sell SSVUSDT contracts with multiple margin assets. For example, when multi-asset mode is enabled, users can use BTC as margin when trading SSVUSDT perpetual contracts. At the time of writing, SSV is changing hands at $40.09, up 25 percent. The coin has risen from $31.51 to $41 in the last 24 hours.
New altcoin pairs will enter the market
On the other hand, the exchange announced that it will list SSV/USDT and VIB/USDT trading pairs. The listing in question will take place tomorrow, February 24, 2023, at 11:00 Turkish time. Viberate (VIB) seems to have gained more than 50 percent post-development. VIB’s value rose from $0.099 to $0.155.
BinaryX contract re-entering the market
Finally, the cryptocurrency exchange is relaunching the BinaryX (BNX) perpetual futures contract. Binance futures will reopen trading on BNX perpetual futures contracts with up to 20x leverage today (February 22, 2023) at 5:45 PM ET. The old BNXUSDT contract on February 11, 2023 will be named BNXUSDTSETTLED.
In addition, the exchange is removing the old candlesticks from BNX perpetual futures contracts that are valid to date “in order to provide a better experience for users”. With this update, users can no longer use GET/FAPI/V1/ConstularKlines to access legacy candlestick data for USDⓢ-M BNX perpetual contracts. In addition, the use of multi-entity mode we mentioned above also applies to the BNX contract. Data on the new contract are summarized in the table below:
As it is known, BNX went through a token swap and reissue plan the other day. Therefore, the BNXUSDT contract has been renewed. The old BNX token remained BNXOLD on Binance. BNX distribution was carried out at a ratio of 1 BNXOLD = 100 BNX. Deposits and withdrawals for BNXOLD tokens are no longer available.
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