Binance, one of the world’s leading cryptocurrency exchanges, made several announcements for NFP Coin and various altcoins. Here are the details of the announcements…
Binance is listing for NFP Coin
In a move that further expands its futures offerings, Binance Futures is set to launch the USDⓈ-M NFP perpetual futures contract on December 27, 2023 at 15:30 UTC. Traders can leverage up to 50x on this perpetual contract and gain more profit opportunities in the dynamic crypto market. The USDⓈ-M NFP perpetual futures contract has NFPrompt (NFP) as the underlying asset and is settled in USDT. This contract promises a solid and flexible investment experience with a tick size of 0.0001 and a capped funding rate of +2.00% / -2.00%. Investors should pay attention to the funding fee settlement frequency, which occurs every four hours, and the trading hours are 24/7.
Binance Futures aims to incentivize liquidity providers by offering a 0.005% maker fee refund for qualified USDⓢ margin futures providers who trade on the NFPUSDT perpetual futures contract for approximately 14 to 15 days. Details regarding eligibility can be found in the official announcement. It is crucial for investors to be informed as Binance reserves the right to adjust contract specifications including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements based on market risk conditions.
Spot trading pairs are expanding
In a separate announcement, Binance announced the addition of new spot trading pairs. Users will use ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC and XRP/USDC as of December 28, 2023 at 11:00 UTC. will be able to trade in pairs. Binance Futures is entering the new year with two attractive promotions for regular and VIP 1-6 users. The promotions revolve around the USDⓈ-M ORDI perpetual futures contract and are valid from December 28, 2023 to January 10, 2024.
The first 1,000 eligible users to sign up and trade the USDⓈ-M ORDI perpetual futures contract for the first time during the promotion period will receive 5 USDT token coupons each. Additionally, those who traded ORDI spot trading pairs on Binance Spot before December 28, 2023 may be eligible to receive an extra 5 USDT token voucher. Traders participating in the USDⓈ-M ORDI Futures Trading Competition have the opportunity to share in prizes of up to 20,000 USDT. The competition promises an exciting way for investors to showcase their skills and win significant prizes.
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