Binance's futures platform is launching a Zcash (ZEC)–Tether (USDT) perpetual contract with maximum leverage of up to 50x.

An announcement from the substitution on Feb. 4 revealed that trading for the new ZEC/USDT contract volition go live at eight.00 a.1000. on Feb. 5. In a bid to prevent market place manipulation, Binance says it has chosen to set a pricing limit of ±i% on the mark price inside the first 15 minutes later trading begins.

Perpetual vs. traditional futures

As reported, when the Binance Futures platform launched — offering maximum leverage of equally loftier every bit 125x — the exchange emphasized it was offering traders access to an insurance fund that tin can ostensibly assistance to limit the chances of auto-deleverage.

CEO Changpeng Zhao said that the futures platform has drawn increased institutional participation, with professional traders driving the need to introduce ways to support very fast trades.

Dissimilar a traditional futures contract, at that place is no expiration or settlement date for perpetual contracts. Depending on the adamant settlement time for a traditional futures contract, Binance explains, cost discrepancies between the spot and futures markets can potentially be amplified. In dissimilarity to this:

"The perpetual contract is an effort to take advantage of a futures contract [...] while mimicking the behavior of the spot market place in order to reduce the toll gap between the futures price and the marking price. This is a marked improvement compared to the traditional futures contract, which can accept prolonged or even permanent differences versus the spot cost."

Binance pursues a multi-pronged expansion

Every bit reported last calendar week, Binance has just hired an executive from one of its foremost rival exchanges, Huobi. Josh Goodbody, formerly caput of Europe and Americas at Huobi, is at present Binance's new director of European and Latin American growth and institutional concern.

Beyond its futures platform, Binance has been pursuing global expansion and is diversifying bachelor cryptocurrency investment options. Information technology is fix to introduce staking rewards on its U.s.-based marketplace in Feb, which follows the substitution'southward launch of a dedicated staking platform at the end of September 2022.