Thursday February 25, 2021
Bitcoin (BTC) $47,940.00   Ether (ETH) $1,519.53
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Exchanges

Binance Futures launches DeFi index perpetual contracts

Published by CryptoNinjas.net
08/26/2020
Binance Futures now allows users to trade against bitcoin (BTC)

Binance, the global blockchain company, and popular crypto-asset exchange company, today announced a new DeFi composite index line of perpetual contracts. Listed on Binance Futures, the contracts are denominated in USDT and with leverage of up to 50x.

This is Binance’s first such composite index derivatives product, allowing users to more easily track the fast-growing DeFi market.

The USDT-margined DeFi index represents a composite of decentralized finance protocol tokens listed on Binance, and is calculated using weighted averages of real-time prices of the tokens on Binance. The index will comprise the following DeFi protocols:

  • BAND, Band Protocol
  • LINK, Chainlink
  • COMP, Compound
  • MKR, Maker
  • KAVA, Kava.io
  • SNX, Synthetic Network Token
  • KNC, Kyber Network
  • SXP, Swipe
  • LEND, Aave
  • ZRX, 0x

“Binance Futures has been at the forefront of developing new products for users, and we now offer nearly 50 futures pairs, the most in the market by quantity and variety. Response to our range of DeFi derivatives has been continuously positive and it is clear that there is growing demand. We are excited to offer the USDT DeFi Index that enables users to more easily access DeFi and further diversify how they trade,” said Aaron Gong, VP of Binance Futures.

The index’s composite of tokens and their weighted averages are rebalanced regularly each week, using data from Coin Market Cap to reflect market conditions including capitalization and volume. This helps users capture trends in the DeFi sector and is similar to how conventional index futures are designed.

“As innovators of our ecosystem, we are always thinking and building strategically to improve adoption and benefit our users. Our USDT DeFi Index combines ease of exposure to the blooming range of DeFi projects with the familiarity and popularity of a traditional product. This is a step forward in how cryptocurrencies can be utilized as well as boosting the important DeFi sector,” said Changpeng Zhao (CZ), Founder and CEO of Binance.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Yield farming aggregator Harvest to integrate with Binance Smart Chain
Networks & Protocols

Yield farming aggregator Harvest to integrate with Binance Smart Chain

02/10/2021
Binance launches Celer node, offering up to 37.49% annualized staking reward
Networks & Protocols

Binance launches Celer node, offering up to 37.49% annualized staking reward

02/04/2021
Crypto wallet Cobo adds support for Binance Smart Chain
Wallets

Crypto wallet Cobo adds support for Binance Smart Chain

01/22/2021
Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain
Networks & Protocols

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

01/22/2021
Animoca Brands to tokenize gaming assets on Binance Smart Chain
Networks & Protocols

Animoca Brands to tokenize gaming assets on Binance Smart Chain

01/13/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
LATAM bitcoin exchange Bitso secures insurance policy on user's crypto deposits

LATAM bitcoin exchange Bitso secures insurance policy on users’ crypto deposits

02/25/2021
Coinbase files registration statement for proposed public stock listing 

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version