Binance Launches Crypto Cross Collateral, Tezos (XTZ) Futures, And Russian Ruble Instant Buy
One of the leading crypto exchanges in trading volume, Binance is now allowing users to put crypto as cross collateral when funding futures trading. Besides, it has made Tezos (XTZ) futures trading available and added support for instant crypto purchases with the Russian Ruble.
Cross Collateral for Futures Contracts Trading
With the Cross Collateral feature, users are able to trade futures contracts and use them as collateral the assets stored in their Binance wallet. Traders who use the service can at the moment borrow Tether (USDT) at 0% interest against Binance USD (BUSD) holdings. BUSD is Binance’s own stablecoin.
The Binance Futures platform allows users to trade 13 high leverage pairs and to manage risks by hedging the existing positions. The exchange is offering 125x leverage, which is the highest among all crypto exchanges. On Tuesday, it has also announced that is going to change the fees for liquidity to be added by market makers to its futures platform.
XTZ is the Latest Cryptocurrency to Land on the Binance Futures Platform
Instant Crypto Purchases with the Russian Ruble
As said before, Binance has also enabled instant crypto purchases of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Binance Coin (BNB) with the Russian Ruble. Users will be able to complete these purchases in under a minute, without having to make a deposit. Other currencies and Mastercard support are scheduled in the near future too. The Ruble trading was launched silently and at the end of October last year, deposits and withdrawals in the currency being possible on the platform ever since then.
As Binance’s CEO, Changpeng Zhao said, Russia was among the exchange’s top 10 markets. A survey conducted by Russian crypto news agency Forklog last summer shows that Binance is the most popular crypto exchange not only in Russia but also in Belarus and Ukraine.