Major note
- Binance Coin Futures Product is ready to go live on coinbase exchange.
- The offer is slaughtered to launch on the Coinbase International and Coinbase Advanced on 3 April.
- The price of Binance Coin is now in the headlines with a possible breakout from increased trading volumes.
The American Crypto Trading Giant Coinbase Global Inc. According to the update, the offer will be available on the Coinbase International Exchange and Coinbase Advanced.
This listing has discussed its possible impact on the price of BNB amidst increasing market volatility.
Coinbase expands futures trading with BNB listing
Traders will be able to buy and sell BNB perpetual futures on their platform starting next week. The BNB-PERP market will be launched on 3 April at 9:30 pm at UTC or after.
With the move, the coinbase is expanding its derivative market and is a contestant for major exchanges such as Benance, which already provides BNB futures.
Continuous futures offering will allow traders to place bets on price movements without keeping real assets. This means that they can benefit from both rising and falling prices. In particular, trading futures also come with risks, especially when the leverage is involved.
The respective leverage allows traders to open large positions with lending funds, increasing potential benefits and losses.
It is important to add that, for BNB holders, the listing on the coinbase will increase and attract more investors for the project. Historically, the major exchange listing has given rise to high trading versions and, in some cases, price increase.
However, the real impact on the price of BNB is uncertain as it depends on the wider market conditions and investor spirit.
Will listing lead to BNB breakout or more volatility?
Some traders believe that BNB may be priced higher than increased exposure from coinbase listing.
More trading activity, especially from a major competitor, can lead to high liquidity, which can lead to a speed of value upwards. However, other people warns that permanent futures may bring increased instability, especially if traders take great advantage.
Binance founder Changpeng Jhao responded to the news that BNB grows naturally, not due to exchange listing.
Their comment discussed within the Crypto community about how the listing is fixed and some tokens receive special treatment.
At the press time, coinmarketcap data shows that the BNB is priced at $ 630.39, which is about 1% in the last 24 hours. Bitcoin is priced stayed the same Despite the change in the market, which shows that not all the cryptocurrency reacts equal to the recent news.
In particular, as of April 3, launch day, approach, traders are focusing on BNB. Some feel that the price will increase, while others worry that it may suddenly change. The result will depend on how much business people do, the market status and other updates affecting the ecosystem.
Disclaimer: CoinSpeaker is committed to providing fair and transparent reporting. The purpose of this article is to provide accurate and timely information, but it should not be taken as financial or investment advice. Since the market situation can change rapidly, we encourage you to verify the information on your own before taking any decision on this material and consult a professional.
Benjamin Godfrey is a blockchain enthusiastic and journalist who writes about the real -life applications of blockchain technology and innovations that are to run general acceptance and integration of emerging technology worldwide. His desire to educate people about cryptocurrency inspires his contribution to the famous blockchain media and sites.
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