Binance now allows trading with ADA Futures

For Cardano, the introduction of the new product on Binance Futures is a significant step towards more recognition in the crypto-Mainstream.

The stock exchange intends to progressively more Futures models introduce

On the stock exchange Binance do not need to be said at this point a lot, after all, it is a leading provider for the crypto-trade. It is also known that the group is expanding worldwide, its influence due to the massive Expansion steadily. A good example for the further development of its own products, the Bitcoin Futures offered by the company for some time, without question. The stock exchange had brought to these purposes, their offshoots, under the name of “Binance Futures” at the Start. Early on it was clear that the variant should be used in conjunction with Bitcoin is only a model. More Futures deals should follow, among other things, Ethereum Futures can be traded. And this is exactly what happened now, once again, to date, 31.01.2020.

Risky business model, but as a signal for Cardano

The platform, launched Futures on the Cardano currency ADA, which is for Cardano Fans an important Signal for the rising acceptance of the system. Interesting for potential investors in the new Swaps at the trade portal, several aspects are the same. Among other things, is to be mentioned in this context that the Cardano-Futures allow the use of leverage by a maximum factor of 75. This means that traders can move, for example, with a Euro private use of up to 75 Euro foreign capital. In addition, the new product can be used indefinitely as Swaps. The Monetary counterpart is in this case, the not always uncontroversial Stablecoin Tether.

Trade pair consists of ADA and Tether

Was chosen to the Token, for Binance Futures, because Tether (USDT) in the moment (and for quite a while) the Stablecoin with the highest market capitalization. She is currently clearly more than 4.5 billion US dollars. Even if inexperienced investors Offered by Futures without question a degree of caution should be: For Cardano, this step of the exchange is not to be underestimated, because up to now, there were no contracts in this category, where ADA is involved. As a result, the announcement of the product and the start of trading had. At times the Cardano rate climbed over the threshold of 0.058 dollars.

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