Binance Futures Expands with BSWUSDT Contract Launch

Tanju Akbıyık — Thu, 05 Sep 2024 17:30:42 +0000

Binance Futures has announced the launch of a new BSWUSDT Perpetual Contract, set to go live on September 5, 2024, at 06:00 (UTC). This move is part of Binance’s continuous efforts to expand trading options and enhance user experience.

Key Features of the Perpetual Contract

With a range of sophisticated tools, including up to 75x leverage, the BSWUSDT Perpetual Contract gives traders the means to maximize their positions. Biswap (BSW) forms the contract; USDT is the settlement asset. Although the financing fee payment happens every four hours, the tick size of 0.00001 guarantees trading precision.

Funding Rates and Leverage

With a restricted funding rate of +2.00% / -2.00%, the contract will guarantee that traders may properly control their holdings without too many funding swings. Although Binance recommends consumers approach this with caution due to the related dangers, the maximum leverage of 75x allows experienced traders the chance to increase their possible returns.

Multi-Assets Mode Support

This contract stands out in particular for supporting Binance’s Multi-Assets Mode. This feature lets traders use several margin assets, including Bitcoin (BTC), as BSWUSDT collateral. This adaptability sharpens trading plans and raises capital efficiency.

For further details, please refer to Binance’s official announcement page.

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The post Binance Futures Expands with BSWUSDT Contract Launch appeared first on Coin Engineer.

Binance ‘s New Delisting Decision

admin — Wed, 31 Jan 2024 14:23:26 +0000

The world’s leading cryptocurrency exchange, Binance, is preparing to take a major step in the cryptocurrency market. The platform has announced that it will remove the trading pairs of six popular altcoins from spot trading. It announced that these assets are Biswap (BSW), Kava (KAVA), Secret (SCRT), Synthetix (SNX), UniLend Finance (UFT) and Wanchain (WAN).

Binance ‘s Delisting Procedures and Date

According to Binance’s official announcement, this delisting decision will come into effect at 06:00 on February 2. The trading pairs of BSW/BNB, KAVA/ETH, SCRT/ETH, SNX/BNB, UFT/ETH and WAN/ETH, which will be delisted, will be removed from spot trading and the trading bots associated with these trading pairs will also be closed at the same time.

Binance explained the reasons behind this radical decision to users. The platform stated that the delisting decision is part of its strategy to optimize trading pairs and improve overall user experience. It emphasized that such strategic adjustments are necessary for exchanges to maintain their competitive advantage and provide safer, faster and more efficient services to their users.

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