Binance Launches USDT-Margined Quarterly Futures for Bitcoin and Ethereum

Binance, a leading cryptocurrency exchange, announced that it has launched USDT-margined quarterly futures for Bitcoin and Ethereum, meeting the rising demand for Bitcoin and other cryptocurrency products.

The launches allows the users to select futures contracts according to whether the contracts are settled in native cryptocurrencies (coin-margined) or stablecoins (USDT- or BUSD-margined), and also whether the contracts are open-ended perpetual or have a delivery date.

Furthermore, the addition of USDT-margined quarterly futures will give users more choice in their portfolio management and enable more advanced users to employ hedging and trading strategies according to their preferences.

Binance Futures first launched in October 2019 with only one product line, USDT-margined Bitcoin perpetual futures. Following Binance's success of being the largest cryptocurrency spot exchange by traded volume, users were also drawn to the Binance Futures' fast and stable matching engine.

Today, Binance's USDT-margined BTC perpetual futures lead the industry, with $627.5 bn in traded volume in January 2021, according to third party data from Bybt.

The first pairs of USDT-margined Quarterly Futures are BTCUSDT with expiration and delivery on March 26th, 2021 and ETHUSDT, with expiration and delivery on March 26th, 2021.

With the introduction of USDT-margined quarterly futures for BTC and ETH, Binance now offers 166 derivatives products, including 89 USDT-margined futures, 1 BUSD-margined futures, 34 Coin-margined futures, 36 Binance Leveraged Tokens and 6 Binance Options.