The world’s leading cryptocurrency exchange Binance has announced many new products and services that will be available on its platform. These include the launch of a new perpetual futures contract called USDS-M HFT, the addition of new loanable assets to cross-margin, new margin pairs and new loanable assets for Binance VIP Loans and flexible loan services. Here are the details…
Binance announces a new futures contract
cryptocoin.com As we reported, Binance, the world’s largest cryptocurrency exchange, announced the launch of a new perpetual futures contract called USDⓈ-M HFT based on altcoin Hashflow (HFT). This contract will offer leverage of up to 20x and will go live today, April 6, at 15:00 CET. HFTUSDT perpetual futures contract; It will have adjustable features including tick size, maximum leverage, initial margin and maintenance margin requirements. Binance has also launched the Multi-Asset Mode for this contract. This feature will allow users to buy and sell the contract on multiple margin assets. This means users can use BTC as margin when trading on the HFTUSDT perpetual futures contract.
New additions to the cross margin
In addition to the launch of the new contract, Binance; Added NKN and ZRX as new loanable assets to Cross Margin. The exchange also launched new margin pairs such as ICX/BTC, NKN/BTC, NKN/USDT, SXP/BNB, ZRX/BTC and ZRX/USDT.
The exchange also added loanable assets
Alchemy Pay (ACH), Aavegotchi (GHST), and Status (SNT) have also been added as new loanable assets to Binance VIP Credit and Flexible Credit services. These services are over-collateralized loan services that offer competitive rates, terms and services to users. With Binance VIP Loan, users can unlock greater liquidity for long-term mutual funds, more potential in investment strategies such as leveraged trading and hedging strategies.
Binance Flexible Loan, on the other hand, is an isolated, over-collateralized, short-term loan product. Each loan position must be overcollateralized, meaning that the value of the collateral given by the user is greater than the value of the crypto assets given to the user. Because Binance Flexible Loans are open-term, users can keep their positions open indefinitely as long as this product supports crypto assets loaned and collateralized and the relevant Credit-to-Value (LTV) ratios are not exceeded.
With the launch of the new perpetual futures contract and the addition of new loanable assets, margin pairs and loanable assets, Binance is giving its users more options for trading and investing in the cryptocurrency market.
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