Binance Futures to Launch USDⓈ-M & COIN-M Quarterly 1227 Delivery Contracts

Binance
Futures,
a
prominent
player
in
the
cryptocurrency
derivatives
market,
has
announced
the
listing
of
USDⓈ-M
and
COIN-M
Quarterly
1227
Delivery
Contracts.
This
development
will
take
place
shortly
after
the
expiration
and
settlement
of
the
USDⓈ-M
and
COIN-M
Quarterly
0628
Delivery
Contracts,
scheduled
for
June
28,
2024,
at
08:00
(UTC),
according
to

Binance.

New
Listings
and
Details

The
new
contracts
will
include
COIN-M
BTC,
ETH,
BNB,
ADA,
LINK,
BCH,
XRP,
DOT,
and
LTC
Quarterly
1227
Delivery
Contracts.
These
listings
are
part
of
Binance’s
ongoing
efforts
to
provide
a
wide
range
of
trading
options
to
its
users.

Important
Notes
for
Traders

Binance
has
issued
specific
guidelines
for
traders
regarding
these
new
contracts.
Users
will
only
be
permitted
to
close
their
positions
or
place
Reduce
Only
orders
and
will
not
be
allowed
to
open
any
new
positions
within
ten
minutes
prior
to
the
delivery.
For
detailed
information
on
delivery
and
settlement
processes,
users
are
advised
to
refer
to
the
official

Delivery
and
Settlement
of
Quarterly
Futures
page.

Market
Context

This
move
comes
at
a
time
when
the
cryptocurrency
market
is
experiencing
significant
volatility.
The
introduction
of
new
futures
contracts
is
seen
as
a
strategy
to
offer
more
opportunities
for
traders
to
hedge
and
speculate
on
the
price
movements
of
major
cryptocurrencies.
Binance’s
continuous
expansion
of
its
futures
product
lineup
underscores
its
commitment
to
maintaining
its
position
as
a
leading
cryptocurrency
exchange.

Disclaimer
and
Risk
Warning

Binance
has
reiterated
the
high
risks
associated
with
futures
trading.
The
exchange
advises
traders
to
exercise
caution
due
to
the
potential
for
significant
losses.
Detailed
risk
warnings
and
responsible
trading
guidelines
are
available
on
Binance’s
official
website.

Binance
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
and
for
any
reason
without
prior
notice.
Users
are
encouraged
to
stay
updated
through
Binance’s
official
channels.

Image
source:
Shutterstock