Cryptocurrency exchange giant Binance is announcing today the launch of COIN- and USDT- Margined product categories for its range of perpetual and quarterly futures. The company said in a statement that the new product categories are designed to “highlight the use of Bitcoin and altcoins as the currencies for settlement.”
In other words, the new categorization aims to set cryptocurrencies on equal ground with fiat currencies, a move that the firm says reflects heightened interest in futures that are “margined and settle with Bitcoin and altcoins.”
Indeed, Changpeng Zhao, the chief executive of Binance, said in a statement that the new categorization follows the fact that “our combined COIN- and USDT-margined futures volume hit a daily all-time-high of $13 billion last week.”
Reprinted from financemagnates , the copyrights all reserved by the original author.
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