Binance recently announced that they will offer leverage for ETH on its Binance Futures Trading platform, it is estimated that the amount could exceed 50 times the value of the contract that has been fixed.
Thanks to the new Binance launch, many more individuals will use the exchange platform because it will now be possible to trade in Binance Futures with ETH.
Now you can trade with ETH in Binance Futures
It is important to know that, from now on, any individual who wants to perform a perpetual futures contract with ETH in Binance, can do so with a leverage that will exceed the amount stipulated in the contract; It will also be used as a Tether guarantee, also abbreviated as USDT; In this way, they can assure users of their money.
On the other hand, Binance Futures has been on the market for a great deal of time, and its growth as a platform was quite fast. That is why, they will always look for ways to offer a better commercial experience to users, guaranteeing stability and security; so that they are satisfied with the service.
It should be noted that in recent days there has been a movement of more than 370,000 BTC, equivalent to 2.7 billion dollars; although with the integration of ETH the figure is expected to increase.
However, this is not the goal of Binance Futures, since what is really expected is that more and more cryptocurrencies can be integrated into the trading platform.
The integration of contracts with ETH will allow users operating in Binance Futures to select a leverage amount when making future contracts with ETH; The amount will be adjusted depending on different aspects, this may vary from 1 to 50 depending on the value of the contract.
In addition, the platform for Android and iOS was also integrated, so that operators can enter from the comfort of a tablet or smartphone.
What is Binance Futures Trading?
Mostly known as Binance Futures, it is a platform that offers perpetual future contracts to users who register on the official portal; These agreements maintain a great difference compared to the traditional ones.
On the other hand, Binance Futures Trading is characterized by offering users a stable and secure platform so that they can make futures agreements. It should be noted that, so far, only perpetual futures contract is available for BTC and ETH; although soon more tokens will be added to the platform.
With this system, you can produce a fairly large amount of money; as long as a correct strategy is applied. However, Binance mentions that futures agreements are subject to a high risk of loss because the nature of the tokens is to be volatile.
Therefore, they are not responsible for any type of loss that may occur in the system due to cryptocurrency fluctuations.
How to register to operate with Binance Futures?
In order to start operating with Binance Futures, a previous registration must be made on the official Binance website. Subsequently, you should look for the section that says "Register" which will be found at the top of the portal.
Having clicked on the register, another page will be loaded, in which the user data must be added in the following order:
- Referential ID
- Finally, accept the terms and conditions of use of Binance
Once registered you must locate a panel that is in the upper area of the page, which will have several options, of which one that says Futures will be searched.
Subsequently, the Binance Futures page will load; In this section, you should look for a section that is in the upper right area of the portal. In that location, you will find two characters, which are the main letters of the email that is linked to the account.
You must click on the letters of the mail and then a window will open that will say: open now. Simply click on the box that says, open now, and you can start trading with Binance Futures.
It should be noted that, from November 28, perpetual future contracts with leverage can be started on the Binance Futures portal.
On the other hand, as mentioned above, the leverage will be ETH / USDT and the maximum leverage amount will be 50x. However, in BTC / USDT the maximum level of leverage allowed is 125x. Although, it is considered possible that this amount may increase over time.
It should also be mentioned that those users who are making futures contracts in Binance with BTC, can be changed at any time for ETH.