Eidoo Card Teal
Eidoo Card Purple
Eidoo Card Black

Introduce your digital currencies to the real world.
Experience DeFi on demand with the Eidoo Card

Pre-order yours and enjoy exclusive rewards,
including up to 10% crypto cashback.

Binance Futures is adding Zcash
Binance Futures is adding Zcash
Altcoin

Binance Futures is adding Zcash

By Marco Cavicchioli - 4 Feb 2020

Chevron down

Binance has officially announced the launch of Zcash futures contracts

Starting at 08:00 AM (UTC) on February 5th, 2020, it will be possible to trade ZEC/USDT perpetual futures contracts on the platform with leverage ranging from 1x to 50x.

Furthermore, in order to prevent possible market manipulation, Binance has decided to impose a price limit of ±1% on the price for the first 15 minutes after trading starts. 

As a result, now there will be 14 perpetual futures contract trading pairs on Binance, namely BTC/USDT, ETH/USDT and BCH/USDT, as well as XMR/USDT, DASH/USDT and ZEC/USDT. 

Moreover, unlike traditional futures contracts, perpetual contracts do not actually have an expiry or settlement date, and there may be price discrepancies between spot and futures markets. 

In total, the cryptocurrencies for which futures contracts are available on Binance are Bitcoin, Ethereum, Bitcoin Cash, Ripple (XRP), EOS, Litecoin, Tron (TRX), Ethereum Classic, LINK, Stellar Lumens, Cardano, Monero, Dash and Zcash. 

The maximum leverage is 125x and traders are also given access to an insurance fund that can help limit the possibilities of auto-deleverage. 

Cryptocurrency futures are financial derivatives that are increasingly appreciated by the markets, making it likely that ETH futures traded in dollars will be launched on the US markets soon

In fact, although they function in the same way as futures contracts that can already be traded on various crypto platforms, they require the approval of the US federal agency CFTC in order to be launched on the US market. 

This means that, on the one hand, cryptocurrency futures contracts on crypto exchanges are increasingly proliferating, while on the other, the launch of cryptocurrency futures contracts on US stock exchanges is proceeding more slowly due to bureaucratic problems that require a lower degree of risk. 

However, this market is growing a lot and it seems almost inevitable that it will continue to do so, at least for a while. 

This is also demonstrated by the volume records set in 2019 first by the CME futures and then by those of Bakkt, which are likely to be followed by further records in 2020 or years to come. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.