binanceleading cryptocurrency exchange, is expanding XRP, ADA and SOL investment opportunities with the launch of a new batch of dual investment products.
binanceleading cryptocurrency exchange, is expanding XRP, ADA and SOL investment opportunities with the launch of a new batch of dual investment products.
The new dual investment products come with updated target prices and settlement dates, allowing users to sell high or buy low with the selected price on a selected date in the future without incurring any fees.
“High sell” products apply to users who want to accumulate high rewards for their cryptocurrency holdings.
XRP, Cardano (ADA) and Solana (SOL) were among the cryptocurrencies included in Sell High products, which allow subscribers to sell at a higher price in the future than the market price on the subscription date.
“Buy Low” products apply to users who want to accumulate high rewards for their stablecoin holdings. XRP, ADA, and SOL are among the cryptocurrencies offered for “buy low,” allowing subscribing users to purchase at a lower price in the future compared to the market price on the date of subscription.
Notably, Binance supports trading and investing in XRP, ADA, and SOL, as well as other major cryptocurrencies, in various forms such as spot, futures, and options contracts.
Therefore, by offering more products and services related to these coins, Binance gives investors more options and flexibility to diversify their portfolios and maximize their returns.
New XRP and SOL futures to launch on Binance
Binance stated in late 2023 that it will launch USDC-margined perpetual contracts for XRP, SOL, as well as BTC, ETH, and BNB, on January 3, 2024, 12:30 UTC, with up to 125x leverage.
The move, according to Binance, would help improve users’ trading experiences and expand the list of trading options offered on Binance Futures.
Binance will also extend a 10% promotional trading fee discount for all trading in USDC-margined futures contracts to celebrate the new listings. The promotion period will run from January 3 to April 3, 2024.