Binance futures allow collateral in cryptocurrencies
Cross Collateral Binance's new bet
Binance, is currently the largest, most famous and safest crypto exchange of all. But it doesn't end here, but it is also one of the big ones when we talk about trading volume. And with this new solution it is expected to increase even more.
The Collateral Cross is an innovative feature in the cryptoverse, as it allows traders of Binance Futures Contracts to use the crypto hodls of their main wallet as collateral to invest in the futures of the exchange.
According to the press release of the same Binance team; They report that this feature will allow traders to borrow Tether (USDT) at 0% interest. Only the platform will need you to have BUSD; Binance Stablecoin; in your main wallet as collateral for that loan, without the need to take the additional step of transferring the amount to the futures trading wallet.
Cross Collateral is a highly anticipated feature of all Binance traders. This will allow more flexibility and more deposit options to open positions in the Futures.
Our initial Cross Collateral offer will be applicable only on BUSD, our Stablecoin, and we will introduce in the future; if everything goes well; more and more cryptocurrencies to be additionally accepted as collateral, said Aaron Gong, Director of Binance Futures.
The mentioned new feature will be available as of today. It has been a very busy week for the crypto exchange, as Dash Perpetuals and Zcash have also launched today; in search of responding to the new solutions of his rival; BitMex
The crypto exchange news
Currently the Binance Futures platform allows customers to exchange more than 13 different pairs, with their respective high leverage levels.
Binance offers a 125x leverage, which is the highest among all crypto exchanges.
In addition, the highly moved and productive team of Binance Futures; continues to expand rapidly all its new features, and new offers. Recently he announced the Perpetuals with Dash (DASH) and Zcash (ZEC), as we expressed earlier.
To conclude, a few days ago the platform accepted the purchase of cryptocurrencies directly with the Argentine pesos. Being the first country in South America, along with Brazil that has this service in Binance.
Binance does not seem to know what rest is, and that is precisely what the crypto ecosystem demands. And surely it is the main reason why he is nowadays in the position he occupies; on top.
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