Binance Lists Shiba Inu (SHIB) Perpetual Futures Contract29

Binance, the world's leading cryptocurrency exchange, has announced the listing of Shiba Inu (SHIB) perpetual futures contract. This move comes as SHIB continues to gain popularity among crypto enthusiasts, with its market capitalization reaching new highs in recent weeks.

The SHIB perpetual futures contract will be available for trading on Binance's futures platform starting from August 12, 2021, at 08:00 (UTC). The contract will be quoted in USDT, with a minimum trade size of 10 SHIB. The leverage for the SHIB perpetual futures contract will be up to 100x.

The listing of the SHIB perpetual futures contract on Binance is a significant development for the SHIB community. It will provide traders with a new and innovative way to trade SHIB, and it is expected to further increase the liquidity and trading volume of the token.

SHIB is a decentralized cryptocurrency that was created in August 2020. The token was originally created as a joke, but it has since gained a loyal following among crypto enthusiasts. SHIB is based on the Ethereum blockchain, and it is currently ranked among the top 20 cryptocurrencies by market capitalization.

The listing of SHIB on Binance is a major endorsement for the token. It is expected to attract new investors to SHIB, and it could help to further increase the value of the token. The SHIB perpetual futures contract is a valuable new trading tool for SHIB traders, and it is expected to further increase the popularity of the token.

Benefits of Trading SHIB Perpetual Futures on Binance

There are a number of benefits to trading SHIB perpetual futures on Binance, including:* High leverage: Traders can use leverage up to 100x to trade SHIB perpetual futures, which can amplify their profits (or losses).
* Low fees: Binance offers some of the lowest fees in the industry for trading perpetual futures contracts.
* Advanced trading features: Binance's futures platform offers a variety of advanced trading features, such as stop-loss orders and trailing stop-loss orders.
* 24/7 trading: SHIB perpetual futures contracts can be traded 24 hours a day, 7 days a week.

How to Trade SHIB Perpetual Futures on Binance

To trade SHIB perpetual futures on Binance, you will need to first create a Binance account and fund your account with USDT. Once you have funded your account, you can follow these steps to trade SHIB perpetual futures:1. Log in to your Binance account and navigate to the Futures tab.
2. Select the SHIB/USDT perpetual futures contract from the list of available contracts.
3. Enter the number of contracts you wish to trade and the price at which you wish to enter the trade.
4. Click the "Buy" or "Sell" button to execute the trade.

Conclusion

The listing of SHIB perpetual futures contract on Binance is a significant development for the SHIB community. It will provide traders with a new and innovative way to trade SHIB, and it is expected to further increase the liquidity and trading volume of the token. The SHIB perpetual futures contract is a valuable new trading tool for SHIB traders, and it is expected to further increase the popularity of the token.

2024-12-10

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