Binance, the world’s leading cryptocurrency exchange, has announced the launch of a new BTC-margined ETH linear perpetual contract with up to 75x leverage, as well as the addition of INJ, HOT, RVN, and more as new loanable assets on VIP Loan & Flexible Loan.
Binance Futures, the exchange’s derivatives trading platform, will introduce the BTC-margined ETH linear perpetual contract on [date] at [time] (UTC), as detailed in their official announcement. This innovative product enables traders to speculate on the price of Ethereum (ETH) against Bitcoin (BTC) with leverage up to 75x. This move is expected to attract both experienced traders and newcomers to the world of cryptocurrency trading, as it provides more opportunities to capitalize on market volatility.
In addition to the ETH linear perpetual contract, Binance has expanded its loanable assets offering by adding Injective Protocol (INJ), Holo (HOT), Ravencoin (RVN), and several other cryptocurrencies to its VIP Loan & Flexible Loan services. Users can now lend these digital assets and earn interest on them through Binance’s lending platform.
The VIP Loan service caters to users with higher trading volumes and offers lower interest rates and a more extensive range of loanable assets. On the other hand, the Flexible Loan service allows users to lend their idle assets and earn interest with more flexible terms. With the addition of new loanable assets, Binance aims to provide its users with more options to generate passive income from their cryptocurrency holdings.
These new developments by Binance showcase the company’s continuous efforts to innovate and enhance its products and services. By offering more trading and lending options, Binance is solidifying its position as a leading cryptocurrency exchange and catering to the diverse needs of its user base.
As the crypto market continues to evolve, Binance’s latest offerings demonstrate its commitment to staying ahead of the curve and providing users with cutting-edge trading tools and investment opportunities. Keep an eye on Binance for more exciting updates and developments in the cryptocurrency space.
In conclusion, Binance continues to expand its services and cater to the diverse needs of its users by introducing BTC-margined ETH linear perpetual contracts with up to 75x leverage on Binance Futures and adding new loanable assets to its VIP Loan and Flexible Loan offerings. These developments highlight Binance’s commitment to remain at the forefront of the ever-evolving cryptocurrency landscape and provide a wide range of financial products and services to its users. Keep an eye on Binance as it keeps innovating and growing in the dynamic world of cryptocurrencies.
Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.
Get the latest Crypto & Blockchain News in your inbox.
Join Now