Binance offers perpetual trading of Ethereum fork stocks

Perpetual before the actual thing

On the 28th, Binance, an overseas virtual currency exchange, started trading in perpetual futures for a new stock.

The new addition is perpetual futures for “ETHW”, which was hard forked from Ethereum, and leverage of up to 50x is available. Trading began at 21:30 on the 28th Japan time.

In the past two weeks, Binance has added perpetual futures trading for multiple stocks including PYTH, BONK, BLUR, and USTC. Among them, PYTH, BONK, and ETHW are not yet supported as physical assets.

Some experts analyze that the reason for this is that they can earn commissions without taking on excessive responsibility. Perpetual futures users are more resilient to price fluctuations, but spot trading users are more likely to criticize price declines.

Currently, the tokens listed on Binance for futures but not for spot include KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and ETHW, which have become a new phenomenon in recent Binance listings.

Analysis pointed out that the core reason is that this can earn fees without…

— Wu Blockchain (@WuBlockchain) November 28, 2023

connection: Overseas version of Binance to delist 4 virtual currencies

Also abolished 4 brands

In addition, the day before, Binance notified the delisting of four stocks, “BTS, PERL, TORN, and WTC” as ineligible.

connection: Binance Japan lists 13 additional stocks, bringing the total to 47 stocks, the largest lineup in Japan

CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7

— CoinPost (virtual currency media) (@coin_post) November 15, 2023

The post Binance offers perpetual trading of Ethereum fork stocks appeared first on Our Bitcoin News.