Binance will list USD-M and COIN-M Quarterly 1227 Delivery Contracts on June 28, 2024. This move includes major cryptocurrencies like Bitcoin, Ethereum, BNB, Cardano, Chainlink, Bitcoin Cash, XRP, Polkadot, and Litecoin.
Launching these contracts marks a significant milestone, as users can trade them shortly after the expiry of the 0628 Delivery Contracts on the same date. The tick size and maximum leverage for futures contracts remain unchanged, providing up to 50x leverage for BTC and ETH futures.
What sets this apart is the inclusion of a wide range of altcoins with varying leverage and tick sizes, offering more trading options. For instance, ADA and XRP will have a tick size of 0.0001 with a maximum leverage of 20x.
Both XRP and ADA are currently at lower support levels, with ADA trading near $0.40 and XRP at $0.493. Recent price jumps hint at potential recoveries.
This strategic listing by Binance could catalyze significant market movements and offer traders new opportunities for profit.
