ZEC/USDT Trading Contract Will Be Introduced On Binance Futures With 50X Leverage

  • ZEC/USDT pairs perpetual trading contract will be introduced on the Binance Futures trading platform with up to 50X leverage on the trade.
  • To avoid market manipulation, Binance will implement a pricing limit of ±1% on the marked price within the first 15 minutes when the trading starts.

ZEC/USDT pairs perpetual trading contract will be introduced on the Binance Futures trading platform with up to 50X leverage on the trade, the users can manually choose the leverage percentage, but it comes with its trading fees. The trade will open on Wednesday, 05/02/2020, at 8:00 AM UTC.

The perpetual contracts on the platform will work in the same way as the usual assets. The high leverage trading supported by a sophisticated risk engine and also includes a liquidation model.

It comes with a catch that with a larger position, the leverage offered is very low. It also has a fee structure for Binance Futures with different tires. The users have the option to pay 10% lesser fees when paying with BNB, the token offered by Binance Labs.

There is also a 20% reduction and referral bonus when you invite a friend or anyone on the referral program. To avoid market manipulation, Binance will implement a pricing limit of ±1% on the marked price within the first 15 minutes when the trading starts.

If one singly looks at the assets, Both ZCash and Tether (ZEC & USDT) have faced significant bears and are still in the influence of them. ZCash is trading at $64.40 with bears riding at -3.12% while Tether USDT is trading at $1.00 with the constant market.

Tether has gained public attention with a rank of #6 in the crypto world. It has a market cap of $4,649,078,708 USD and 24 hour volume of $37,503,067,978 USD. Tether is having a single day circulating supply of 4,642,367,414 USDT out of its total supply of 4,776,930,644 USDT.

The ROI of the Tether is at 0.14%, which is considerably low. On the other hand, ZCash has heavy bears on its side at -3.12%. It has a market capitalization of $568,503,264 and 24-hour volume of $401,903,843. It ranked at #25 with a circulating supply of 8,827,231 ZEC out of the total supply of 21,000,000 ZEC.

The post ZEC/USDT Trading Contract Will Be Introduced On Binance Futures With 50X Leverage appeared first on CryptoSyringe.

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