In order to trade futures, you must open an account with a registered futures broker who will maintain your account and guarantee your trades . In the futures business, brokerage firms are known as either a futures commission merchant (FCM), or an introducing broker (IB).
Read moreWhat is the minimum amount for Binance Futures?
All users should deposit a minimum of $50 in their Futures wallets and trade Futures during the promotion period to be eligible. Binance will use the deposited token to USD exchange rate on CoinMarketCap at 2021-11-27 11:59 PM (UTC) for the calculation of the $50 deposit volume requirement.
Read moreCan I trade futures on Binance?
With Binance Futures, traders can sell high and buy low or buy low and sell high to benefit from any price fluctuation while implementing different strategies like Grid Trading and TWAP .
Read moreWhat countries allow Binance futures?
Binance, the world’s leading cryptocurrency exchange, has suspended futures and derivatives products offerings across Europe, starting with Germany, Italy, and the Netherlands . Announcing the move, it said it was “taking proactive steps” towards harmonising crypto regulations.
Read moreCan I use regular Binance in the US?
Users in over 180 countries can trade on Binance, but only 43 states can use Binance.US, excluding Connecticut, Hawaii, New York, Texas, Vermont, Idaho, and Louisiana .
Read moreWhat are futures in crypto?
Futures are a type of derivative trading product . These are regulated trading contracts between two parties and involve an agreement to purchase or sell an underlying asset at a fixed price on a certain date. In the case of bitcoin futures, the underlying asset would be bitcoin.
Read moreWhat is BTC USDT futures?
The USDT Collateralized contract takes USDT as margin to exchange bitcoin . The contract is aimed to replicate the underlying Bitcoin-USDT spot market, but with flexible leverage. The contract has no expiration date and is designed to closely track the underlying reference Price Index via the Funding Rate mechanism.
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