April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-expands-futures-with-near-and-ltc-perpetual-contracts" rel="noopener noreferrer nofollow">Binance Expands Futures with NEAR and LTC Perpetual Contracts</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/binance-introduces-new-high-leverage-trading-option-for-vanry" rel="noopener noreferrer nofollow">Binance</a>, the renowned <a href="https://en.bitcoinhaber.net/changes-in-institutional-investors-portfolio-preferences-and-strategies" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange, has recently announced the introduction of perpetual contracts for two prominent altcoins. NEAR and <a href="https://en.bitcoinhaber.net/litecoins-600-day-support-trend-a-technical-analysis" rel="noopener noreferrer nofollow">LTC</a> will now have perpetual contracts available on Binance’s futures trading platform. This strategic move comes amid substantial price fluctuations in both digital currencies, suggesting a response to market dynamics.</p>
<h2 id="expansion-of-trading-options">Expansion of Trading Options</h2>
<p style="text-align: justify">According to Binance’s statement, traders will have the opportunity to engage with NEARUSDC and LTCUSDC perpetual contracts. This addition aims to enrich the trading landscape on the Binance futures platform. The contracts for NEAR will offer up to 50x leverage, while LTC contracts will allow for up to 75x leverage. The launch of these contracts is strategically set to go live on April 11, with a staggered start at 10:00 and 10:15 Turkey time, respectively.</p>
<h2 id="market-response-to-altcoin-price-movements">Market Response to Altcoin Price Movements</h2>
<p style="text-align: justify">The derivatives market for cryptocurrencies often reflects underlying asset volatility, and Binance’s launch is no exception. LTC has experienced a surge of approximately 45% within the last fortnight, while NEAR has witnessed an impressive 100% increase in the past month. Despite some fluctuations, LTC’s price hovers around $101, and NEAR is currently trading at $7.57, hinting at the investor’s optimism in these digital assets.</p>
<h2 id="implications-for-the-reader">Implications for the Reader</h2>
<ul>
 <li>Binance’s perpetual contracts for NEAR and LTC may offer savvy traders new avenues for leveraging market movements.</li>
 <li>Investors interested in altcoins should monitor NEAR and LTC as their increased volatility can lead to significant trading opportunities.</li>
 <li>The substantial leverage provided by these contracts requires careful risk management and may not be suitable for all investors.</li>
</ul>
<p style="text-align: justify">The Binance announcement is indicative of the exchange’s commitment to diversifying futures offerings and providing traders with a wide array of investment opportunities. As NEAR and LTC join the burgeoning list of Binance futures, traders are poised to harness these new contracts to capitalize on market trends and expand their trading strategies.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-expands-futures-with-near-and-ltc-perpetual-contracts" rel="noopener noreferrer nofollow">Binance Expands Futures with NEAR and LTC Perpetual Contracts</a></h5>

Binance Expands Futures with NEAR and LTC Perpetual Contracts

Table of Contents

BH NEWS

Other articles published on Apr 9, 2024

Bitcoin, Ethereum Price Slide: Why Crypto Markets Are Down Amid Tech Stock Concerns

Galaxy Digital’s CEO Novogratz predicts Federal Reserve rate cut, opportunities on Bitcoin and pr...

5 Catalysts That Might Boost XRP to $1, AI Crypto Presale Progress Sparks Investor Excitement

Uphold’s New Vault Wallet to Include Bitcoin Support

Botswana Diamonds Integrates AI for Database Analysis

Ethena (ENA) Eyes an Intraday Rise of Over 13%

Join our free newsletter for daily crypto updates!