Binance Enhances Futures Trading with Multi-Assets Mode Launch
Jessie A Ellis Feb 06, 2024 10:53
Starting February 9, 2024, Binance introduces an automatic Multi-Assets Mode for new futures accounts, enhancing trading flexibility and efficiency across margin assets.
Binance, the world's leading cryptocurrency exchange, has announced an update to its Futures Multi-Assets Mode that will significantly enhance the trading experience for its users. Starting from February 9, 2024, at 08:30 (UTC), all new futures accounts and sub-accounts will automatically have the Multi-Assets Mode enabled. This mode facilitates the trading of USDⓈ-M futures contracts across multiple margin assets more seamlessly, subject to applicable haircuts, thereby broadening the trading capabilities and flexibility for Binance users.
The Multi-Assets Mode supports only the Cross Margin Mode and selected assets as margin. The introduction of this feature is a part of Binance's ongoing efforts to provide unparalleled trading products and services, including access to over 250+ Futures & Options contracts, a wide range of trading tools, and margin modes, accompanied by 24/7 global expert customer support. It also comes at a time when Binance is extending its offerings, as evidenced by the recent launch of USDC-margined Dogecoin (DOGE) futures, which allows for trading the token across various margin assets under the multi-assets mode, demonstrating Binance's commitment to expanding investment options and enhancing trading experiences on its platform.
Binance Futures offers a diverse range of trading products, including USDⓈ-M and COIN-M Futures, settled in stablecoins and cryptocurrencies, respectively. Regular users, who trade less than $15 million in a 30-day period or own less than 25 BNB, are subject to a maker fee of 0.02% and a taker fee of 0.05% on USDⓈ-M Futures trades, with a 10% discount available for those using BNB to pay for trades. This fee structure is designed to cater to a broad spectrum of traders, from beginners to more advanced participants looking for competitive pricing and tight bid/ask spreads.
This update aligns with Binance's strategy to continuously innovate and improve its trading environment, making it more accessible, efficient, and tailored to meet the diverse needs of its global user base. By enabling the Multi-Assets Mode by default for new futures accounts, Binance is taking a significant step towards simplifying the trading process, offering more flexibility, and enhancing the overall user experience on its platform.
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