Binance to launch USDC 1-30 times U-standard perpetual contract

03/13/2023 16:52 • Metaverse Matters • 160 views

According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time.

Binance will go online at 1: 00 today for USDC 1-30 times U standard perpetual contract trading

Analysis based on this information:

Binance, one of the biggest cryptocurrency exchange platforms in the world, has officially announced the launch of its USDC 1-30 times U-standard perpetual contract. According to the news released on March 13, the platform will open the trading of the contract at exactly 1:00 Beijing time on March 13, 2023.

USDC or the United States Dollar Coin is a stablecoin that is pegged to the US Dollar. This means that for every USDC in circulation, there is $1 USD held in reserve. The USDC 1-30 times U-standard perpetual contract that Binance is launching refers to a new trading product that users of the platform can now access. This new tool will allow traders to speculate on the price of USDC with leverage up to 30 times.

Unlike traditional futures contracts, perpetual contracts do not have a set expiration date, which makes them attractive for traders who want to hold their positions for an extended period. Perpetual contracts also have the added advantage of having no funding fees, making them cheaper to trade than traditional futures.

This move by Binance marks the platform’s continued expansion into the derivatives market, as it seeks to offer its users a broader range of trading options. The launch of the USDC 1-30 times U-standard perpetual contract will allow Binance users who are interested in trading the USDC currency pair to do so with higher leverage. This new contract will also allow users to hedge their positions, providing a way for them to mitigate their risk exposure.

In conclusion, the launch of the USDC 1-30 times U-standard perpetual contract by Binance is an exciting development for traders who are looking for more trading options on the platform. With its new derivatives product, Binance users can now trade USDC with higher leverage, hedge their positions, and take advantage of the benefits of perpetual contracts.

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