1. PixelPlaygroundHome
  2. Blockchain Briefs

Binance Launches U-Standard ARB Perpetual Contract with Max Leverage of 50x

• Blockchain Briefs • 106 views

On March 22nd, Binance announced that the Binance contract would launch a U-standard ARB perpetual contract with a maximum leverage of 50 times after the spot trading of ARB was op

Binance Launches U-Standard ARB Perpetual Contract with Max Leverage of 50x

On March 22nd, Binance announced that the Binance contract would launch a U-standard ARB perpetual contract with a maximum leverage of 50 times after the spot trading of ARB was opened on Binance for about 15 minutes. ARB spot trading is scheduled to open at 01:00 Beijing time on March 24th.

Binance will launch ARB U-standard perpetual contracts with a maximum leverage ratio of 50 times

On March 22nd, 2021, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced the launch of a U-standard ARB perpetual contract with a maximum leverage of 50 times. This announcement came just after the spot trading of ARB was opened on Binance for about 15 minutes. According to the announcement, ARB spot trading is scheduled to open at 01:00 Beijing time on March 24th.

What is ARB?

Before we dive into the details of the U-standard ARB perpetual contract, let’s first understand what ARB is. ARB is the native utility token of the ARBITRUM network, a Layer 2 scaling solution for Ethereum that aims to provide a faster and more efficient way of conducting transactions on the Ethereum network. ARB can be used to pay for gas fees, transaction fees, and smart contract fees on the ARBITRUM network.

What is a Perpetual Contract?

A perpetual contract is a type of futures contract that has no expiration date. It is a derivative product that allows traders to bet on the price of an underlying asset without actually owning it. Perpetual contracts are settled in the same cryptocurrency in which they are denominated.

What is a U-Standard Contract?

A U-standard contract is a type of perpetual contract on Binance that is settled in USDT. It is a popular choice among traders as it offers a simple and convenient way of trading without the need to hold multiple cryptocurrencies. The U-standard ARB perpetual contract is settled in USDT, which means traders can buy and sell ARB contracts using USDT without having to hold ARB tokens.

What is Max Leverage?

Leverage allows traders to amplify their positions by borrowing funds from the exchange. Max leverage refers to the maximum amount of funds a trader can borrow from the exchange to increase their position size. The U-standard ARB perpetual contract on Binance offers a maximum leverage of 50 times, which means traders can trade with 50 times more funds than they actually have.

Benefits of U-standard ARB Perpetual Contract

The U-standard ARB perpetual contract on Binance offers several benefits to traders. Firstly, it is settled in USDT, which means traders don’t have to hold ARB tokens to trade ARB contracts. This makes trading more accessible and convenient for a wider range of traders. Secondly, the maximum leverage of 50 times allows traders to amplify their positions and potentially increase their profits. However, it is worth noting that leverage also increases the risk of losses. Therefore, traders should exercise caution and only use leverage if they fully understand the risks involved.

Conclusion

The launch of the U-standard ARB perpetual contract on Binance is a significant development for traders looking to trade ARB contracts. This product offers a convenient and accessible way of trading ARB without having to hold ARB tokens. The maximum leverage of 50 times also provides an opportunity for traders to amplify their positions and potentially increase their profits. However, it is important to remember that leverage also increases the risk of losses, and traders should exercise caution when using it.

FAQs

Q: What is ARB?
A: ARB is the native utility token of the ARBITRUM network, a Layer 2 scaling solution for Ethereum.
Q: What is a perpetual contract?
A: A perpetual contract is a type of futures contract that has no expiration date.
Q: What is a U-standard contract?
A: A U-standard contract is a type of perpetual contract on Binance that is settled in USDT.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9944/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/22/2023 12:31
Next 03/22/2023 12:38

Recommended articles