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.