Binance Coin Contracts Listed on Delta Exchange
|Symbol||Description||Price||Max Leverage||Settlement Currency||Action|
|BNBBTC||Binance Coin Perpetual Swap||20x||BTC||See Market|
Complete details of the futures and perpetual contracts on XBT that are listed on Delta Exchange are available below.
Binance Coin (BNB) is an exchange token issued by prominent cryptocurrency exchange Binance. BNB runs natively on Binance chain. BNB has several uses: (a) gets traders discounts in trading fees, (b) it serves at the underlying gas for Binance chain, (c) it forms the key base asset for Binance DEX, (c) is needed to participate in IEO (Initial Exchange Offerings) that are conducted on Binance.
The initial supply of BNB was set at 200 million. Every quarter Binance uses 20% of its profits to buyback and burn BNB. This will continue until 50% of the tokens have been destroyed.
You can margin trade Binance Coin on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short BNB with leverage.
Perpetual contracts on BNB are intended to provide returns of the underlying spot market in BNB with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.
BNB Perpetual contracts are quoted in BTC. All margin, Profit/ loss and settlement calculations are denominated in BTC.
BNB Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for BNB Perpetual contracts is 20x.
The underlying index for BNB Perpetual contracts is .DEBNBXBT. It is comprised of BNB/BTC price from binance.
Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.
At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.
This contract is perpetual and does not settle.
You can directly buy or sell Binance Coin. This is called spot trading of Binance Coin. If you buy low and sell high, you will make profit. However, this trade only works when Binance Coin price goes up. Further, leverage trading is not possible in spot trading.
Binance Coin margin trading through derivatives addresses these shortcomings. The BNB futures and perpetual contracts enable you to go benefit from both up and down move in Binance Coin. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first BNB trade on Delta Exchange:
Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.
Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.
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