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In The Footsteps of BitMEX: Binance Launches Bitcoin-Collateralized 125x Futures Contract

bitcoinschannel.com

Binance Futures – the leveraged trading platform of Binance, has announced the launch of the BTC/USD Coin-M perpetual contract. The exciting and new thing about this type of contract is that it uses Bitcoin as collateral instead of USDT, like the other contracts currently existing on Binance Futures.

The trading interface of the new contract is the same as that of other futures contracts on Binance Futures, but instead of inputting their desired USDT amount, users now have to add “contracts” where one contract equals 100 USD. As CryptoPotato explained in a detailed Binance Futures trading guide, there’s a big difference between perpetual and regular contracts.

Read in Full: bitcoinschannel.com
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