Binance, the world’s largest cryptocurrency exchange by trading volume, recently made several announcements regarding new offerings and network upgrades. These announcements include the launch of new perpetual futures contracts, the listing of a new altcoin, and network upgrade support for two major cryptocurrencies. Here are the details…
Binance launches perpetual futures contract for three altcoins
Beginning with the initial announcement, Binance Futures will launch three new USDT margin perpetual futures contracts with up to 20x (20x) leverage on March 30. These contracts will include AMB, LEVER and TLM. According to the exchange announcement, the specifications of the contracts, including tick size and margin requirements, can be adjusted according to market conditions. Additionally, users can trade these contracts across multiple margin assets using the multi-asset mode, which allows them to use BTC as margin for the AMBUSDT perpetual futures contract, subject to applicable deductions. You can see the details for the new additions in the table below:
Adding a new altcoin to the Innovation Category
If we move on to the second announcement; cryptocoin.com As we reported, Binance will list Radiant Capital (RDNT) in the Innovation Category along with spot trading pairs such as RDNT/BTC, RDNT/USDT and RDNT/TUSD. Trading for these pairs will begin on March 30 and withdrawals will be available from March 31. The listing fee for RDNT is 0 BNB and users will be able to enjoy zero maker fees on RDNT/TUSD trading pairs until further notice. Binance will also add RDNT as a new loanable asset on isolated margin with new margin pairs within 48 hours of listing.
Horizen update will be supported
The third announcement includes support for Binance’s Horizen (ZEN) network upgrade, which will take place at 1,328,320, or approximately April 7, at Horizen block height. In preparation for the upgrade, ZEN deposits and withdrawals will be suspended from 7 April 2023, 14:00 CEST. However, ZEN trading will not be affected during the network upgrade, and the estimated time of the upgrade is for users’ reference only.
Announcement came for Ethereum Shapella update
Finally, Binance will support the Ethereum (ETH) network’s Shapella upgrade, which will take place on the 194,048 epoch, or approximately April 12. Deposits and withdrawals for ETH, OP, ARB and ERC-20 tokens via Ethereum (ETH), Optimism (OP) and Arbitrum (ARB) networks will be suspended from April 13, 2023 at 01:20 CEST. Following the upgrade, Binance will increase the minimum number of unlocks deposited on the Ethereum (ETH) network from the current 12 blocks to 64 blocks. However, trading of these tokens will not be affected during the network upgrade and Binance will fulfill all technical requirements for users holding these tokens in their accounts.
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