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Binance Coin Contracts Listed on Delta Exchange
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Complete details of the futures and perpetual contracts on XBT that are listed on Delta Exchange are available below.
Binance Coin (BNB) is an exchange token issued by prominent cryptocurrency exchange Binance. BNB runs natively on Binance chain. BNB has several uses: (a) gets traders discounts in trading fees, (b) it serves at the underlying gas for Binance chain, (c) it forms the key base asset for Binance DEX, (c) is needed to participate in IEO (Initial Exchange Offerings) that are conducted on Binance.
The initial supply of BNB was set at 200 million. Every quarter Binance uses 20% of its profits to buyback and burn BNB. This will continue until 50% of the tokens have been destroyed.
You can margin trade Binance Coin on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short BNB with leverage.
You can directly buy or sell Binance Coin. This is called spot trading of Binance Coin. If you buy low and sell high, you will make profit. However, this trade only works when Binance Coin price goes up. Further, leverage trading is not possible in spot trading.
Binance Coin margin trading through derivatives addresses these shortcomings. The BNB futures and perpetual contracts enable you to go benefit from both up and down move in Binance Coin. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first BNB trade on Delta Exchange:
Delta Exchange offers trading in Bitcoin futures and futures on over 50 DeFi and altcoins. Crypto futures offer all the features of margin trading and are generally superior to margin trade. The futures on Delta Exchange provide: (a) up to 100x leverage vs. 3-5x available in margin trading , (b) ability to go both long, (c) tighter spreads and deeper orderbooks and (d) lower trading fees.
Delta Exchange is a crypto derivatives exchange and supports trading of Bitcoin futures and futures on over 50 top DeFi coins and altcoins. The exchange also offers options on Bitcoin, Ether, Litecoin, Link and BCH. Additionally, Delta lists a wide array of innovative derivative contracts that include DeFi Index futures, calendar spread contracts, interest rate swaps and MOVE options (straddles which can be used to speculate on volatility). The complete list of crypto derivatives that are listed on Delta Exchange is available here.
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