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Showing posts from August, 2021

A Brief about BUSD-Margined Futures Contracts

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  What is BUSD? BUSD is a regulated, fiat-backed stablecoin pegged to the U.S. dollar. For every unit of BUSD, there is one U.S. dollar held in reserve. In other words, the supply of BUSD is pegged to the U.S. dollar at a 1:1 ratio. Holders can swap their tokens for fiat and vice versa. Paxos, the project’s owner, releases monthly audits of BUSD’s reserves. As a stablecoin, BUSD is designed to maintain a stable market value. It allows investors and traders to hold a low-volatility asset on the blockchain without the need to exit the crypto space. Introduction If you’ve purchased or traded crypto with Binance, you’ll likely have already come across BUSD. The token is common among the trading pairs Binance offers on its exchange. In short, BUSD acts as a digital version of the U.S. dollar and is pegged at its value. For newcomers, it’s not always obvious why traders and investors hold BUSD. The role of BUSD and other stablecoins is, however, an essential part of the crypto ecosystem....

The Ultimate Guide to Trading on Binance Futures

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Binance Futures is  the leading cryptocurrency futures trading platform  with leverage up to x125. It allows you to open  Long positions  (upward bets) and  Short positions ( downward bets). After our first look and test positions, we can say that the platform is very similar to that of Binance’s spot exchange, which makes the transition very easy. The user experience is just as smooth, and trading is relatively simple. How to Sign Up Before you can open a Binance Futures account, you need to first have a regular Binance account. If you don’t have one already, the opening process is quite easy and straight forward, you can follow the steps below to quickly create yours. Binance Account Creation Steps: Go to  https://binance.com/ Fill the registration form by entering your email address and a password. By using the link above, or by pasting in the referral ID 81605115 in the referral ID box, you will receive a 10% discount on all trading fees on the platform...