Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, continues to make new additions to the platform. According to their latest statement, the exchange is adding new coins to its cross and isolated margin service. Also, a new listing is coming to options contracts. Here are the developments according to Binance’s announcements…
Binance adds five altcoins to margin transactions
Binance has added Alchemix (ALCX), dForce (DF), Frax Share (FXS), Perpetual Protocol (PERP), and TROY (TROY) as new loanable assets on isolated margin. To the isolated margin, it only added DF. As a result, the new couples added were as follows:
- New cross-margin pairs: ALCX/USDT, DF/USDT, FXS/USDT, PERP/USDT, TROY/USDT
- New isolated margin pairs: DF/USDT
After the development, the price of ALCX rose from $22.52 to $23.69. But at the time of writing it seems to be experiencing a 0.9 percent drop. On the other hand, DF rallied from $0.056 to $0.066, gaining 15 percent. FXS gained 3 percent, PERP 1 percent and TROY 0.9 percent.
New listing is coming for BTCUSDT options
Following the launch of BTCUSDT monthly options in November 2022, Binance options will list an additional BTCUSDT monthly options contract dated March 9, 2023 with an expiration date of May 26, 2023. BTCUSDT Monthly Options are European-style options contracts, as we have also reported as Kriptokoin.com. A European option is a version of an option contract that limits execution to an expiration date. In other words, if the price of the underlying security, such as a stock, moves, an investor cannot exercise the option early and buy or sell the shares. Instead, the buy or sell transaction will only occur on the option’s expiry date.
Another version of the option contract is the American option, which can be exercised at any time until maturity. The names of these two versions should not be confused with geographical location, since the name only denotes the right to execute. New BTCUSDT monthly maturity options contracts will be listed on the last Thursday of each month. The exchange also uses the following expressions:
Please note that if the expiration date of the new listings coincides with that of an existing BTCUSDT Quarterly Option contract, there will be no new BTCUSDT Monthly Options listing. The current BTCUSDT Quarterly Option contract will instead be considered a monthly expiration. A separate announcement will be made for the launch of BTCUSDT Quarterly Option contracts.
Exchange performs upgrade to key system
Finally, the exchange’s API system will perform a scheduled system upgrade. The upgrade will take approximately four hours. Existing API keys will work normally during the upgrade. This system upgrade is the first part of a three-phase development plan for the Binance API Key System.
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