Binance Launches ACH1-20 Times U-Standard Perpetual Contract
According to the official announcement, Binance will launch the ACH1-20 times U-standard perpetual contract at 22:30 on February 22.
Binance will launc…
According to the official announcement, Binance will launch the ACH1-20 times U-standard perpetual contract at 22:30 on February 22.
Binance will launch ACH 1-20 times U-standard perpetual contract
Interpretation of the news:
Binance, one of the largest cryptocurrency exchanges globally, has announced its plans to launch the ACH1-20 times U-standard perpetual contract. In a statement released on its official website, the cryptocurrency exchange revealed that this new product would be available from 22:30 on February 22.
Perpetual contracts are a type of futures contract that do not have an expiration date, making them an attractive option for traders looking to hold their positions over a more extended period. In contrast, futures contracts have a specific date on which they expire, and traders must take delivery of the underlying asset.
The ACH1-20 times U-standard perpetual contract allows traders to make leveraged bets on the price movement of ACH token, a cryptocurrency launched by Alchemy Pay, a blockchain-based payment platform. The “U-standard” in the contract’s name refers to the use of USDT, a stablecoin pegged to the US dollar, as the underlying asset.
The contract’s leverage ratio is 20x, meaning traders can place bets that are 20 times greater than the amount of USDT they are holding in their account. While using leverage can amplify gains, it also increases the risk of losses, making it a high-risk, high-reward strategy.
Binance’s decision to launch this new product comes as the demand for cryptocurrency derivatives continues to grow. According to data from Skew, a cryptocurrency derivatives analytics firm, trading volumes for bitcoin and ether futures reached record highs in January 2021, surpassing $2 trillion.
The launch of the ACH1-20 times U-standard perpetual contract is part of Binance’s ongoing efforts to expand its product offering and attract more traders to its platform. The exchange has become one of the most popular in the world by offering a wide range of cryptocurrency trading options, competitive fees, and a user-friendly interface.
In conclusion, Binance’s decision to launch the ACH1-20 times U-standard perpetual contract reflects the growing demand for cryptocurrency derivatives and the exchange’s commitment to providing its users with a diverse range of trading options. However, traders should exercise caution when using leverage and only invest what they can afford to lose.
Overall, the keywords that summarize this message are Binance, ACH1-20, U-Standard, Perpetual Contract that provide important insights into the announcement’s content, target market, and potential impact on the cryptocurrency trading landscape.
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