Sunday, January 24, 2021

Binance Futures to Launch Stellar Lumens (XLM) Against Tether (USDT) Perpetual Contract

Binance has a couple of hours ago announced that the Binance Futures will launch Stellar Lumen (XLM) Against Tether (USDT) (XLM/USDT) Perpetual Contract.

According to the report, the trade will be opened for this trading pair on 20th January 2020 at 08:00 AM (UTC). Users will also be opened to select between 1-75x leverage.

Additional Information for Binance Users

In the course of preventing market manipulation, the Binance exchange will implement a pricing limit ±1% on the mark price during the first 15 minutes after trading commences.

The exchange also warned that risk in Futures trading is cumbersome. There is a possibility for users to experience significant losses or profits.

Users are also informed about the high market volatility that is capable of liquidating all margin balance in users’ futures wallet. So, users are implored to trade responsibly.

The Buy BTC at a 50% Discount Activity is Now Concluded

In another development, the Binance exchange has announced that the buy Bitcoin (BTC) at a 50% discount activity has now been concluded.

Going by the report, all the rewards have been properly distributed to the deserved winners’ accounts. Users that participated in the activity and won can go ahead to confirm the receipt of the rewards via the “Distribution History” page on their wallet page.

Binance Futures Trading Tournament Is Now Concluded

According to Binance exchange, the Binance Futures Trading Tournament has now been concluded. The exchange related that the distribution of rewards to the winners is now complete.

Binance thereby instructs each user to confirm the receipt of the rewards via the “Transaction History” page in the Futures Wallet.

Read Binance statement regarding the competition below:

In the course of this competition, we have achieved amazing results:

  1. Daily ROE recorded its highest at 1874%
  2. Largest weekly profit of 812,475 USDT 
  3. The total trading volume our on Binance Futures platform reached a record high of $3.46 billion on January 14. 
Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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