Cryptocurrency exchange Binance may have changed its strategy for the cryptocurrencies it added to its futures and spot platforms.
Binance has added to its futures trading platform in the last few months. KAS, BSV, PYTH, BONK, OBS, BIGTIME, TOKENFI And ETHW added altcoins like.
Users can trade USDⓈ margin contracts of these tokens on the platform with leverage ranging from a maximum of 20-50 times.
USDⓈ margin contracts are priced and settled in USDT or BUSD, unlike coin margin contracts. Thus, to fund futures positions underlying cryptocurrency No need to buy.
According to an analysis, Binance to the spot platform not adding, futures contracts “because it does not require taking too much responsibility” It may be due.
Adding cryptocurrencies to the spot platform has challenges such as keeping this asset on the platform and matching it with the appropriate technology.
According to the analysis, within the scope of its new strategy, Binance traded only in the futures market for a period of time and was subject to market fluctuations. survived It will also add the coins to its spot platform.