The world’s leading crypto trading ecosystem, Binance, has announced that its futures division, Binance Futures, will launch ZCash (ZEC) to Tether (USDT) perpetual contracts, with up to 50x leverage. As per the official post on the website, the trading will open on February 8, 2020, at 08:00 am UTC.
— Binance (@binance) February 4, 2020
As the crypto markets expand, the demand for futures contracts is expected to rise. Especially, the conventional investors will look for products similar to traditional financial markets, and therefore, future contracts become an important offering for crypto companies. Binance Futures was launched in the Q3 of 2019 and has already become one of the best in the business. In the words of Director Aaron Gong, the company “will continue to address various needs of our users by launching additional digital assets and bringing more functionalities.”
The 50x leverage against USDT for ZEC is the lowest alongside DASH/USDT, with the highest leverage for a perpetual contract in 125x for BTC/USDT. As per the announcement, “to prevent market manipulation, Binance will implement a pricing limit of ±1% on the mark price within the first 15 minutes after trading starts.”