Cryptocurrency

The crypto exchange reports incidents wherein some users who traded futures received old notifications regarding their previous trades. Binance reassures users that these old notifications do not impact any existing trades, apologizing for any inconvenience caused.Binance Futures allows traders to trade quarterly and perpetual futures contracts. Quarterly futures contracts in this regard expire after three months.In September, Binance Futures listed new quarterly futures for BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT and LTC, as reported.In another new listing, Binance Futures will be launching the USDC-margined DOGE Perpetual Contract on Jan. 18, 2024, at 10:00 a.m. (UTC).Perpetuals are futures contracts with no expiry date, allowing investors to speculate on the price of an underlying asset while bypassing the physical settlement of goods involved in standard futures contracts. They also offer greater leverage than standard contracts.Perpetuals are futures contracts that have no expiry date, allowing investors to speculate on the price of an underlying asset without the physical settlement of commodities required in normal futures contracts. They also provide more leverage than normal contracts.Perpetuals make it easier for traders to short or take bearish bets on any crypto asset compared to the spot market.On Jan. 4, Binance officially launched the trading of USDC-margined perpetual contracts on its platform to improve users’ trading experiences and expand the list of trading options available on Binance Futures beyond USDT-margined contracts.The USDC-margined perpetual contracts offering began with an initial listing of five cryptocurrencies: Bitcoin, Ethereum, BNB, SOL and XRP. The offering will include Dogecoin on Jan. 18.This article was originally published on U.Today More

Shareholders of the XBTF ETF are advised to divest their holdings by January 30, or they will be provided with a cash settlement subsequent to the fund’s liquidation. The ETF will cease trading and will be officially removed from the Cboe BZX Exchange on February 6.Investors are also being alerted to potential tax implications. Those who will receive the liquidation distribution may face capital gains taxes if the distribution is higher than their original purchase price. This move by VanEck marks a significant shift in their cryptocurrency-related offerings, reflecting a strategic adaptation to the evolving regulatory and investment environment.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The introduction of the DOGE Perpetual Contract with USDC margining is part of Binance Futures’ continuous efforts to expand its offerings. Earlier this month, the platform began offering USDC margining options for major cryptocurrencies, marking a significant enhancement to its trading services. This move by Binance Futures reflects the growing demand for more diverse trading products in the dynamic cryptocurrency market.With the integration of Dogecoin into its futures trading platform, Binance Futures provides traders with additional opportunities for diversification and speculation in the cryptocurrency space. Dogecoin, which started as a meme-inspired cryptocurrency, has gained substantial popularity and market value, making it a notable addition to the futures market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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Brandon Mintz, Bitcoin Depot’s Founder and CEO, expressed enthusiasm for the collaboration, which aligns with one of the company’s largest retail partners to date. Mintz highlighted the partnership’s potential to expand Bitcoin Depot’s reach alongside a brand that shares its commitment to providing accessible Bitcoin services.Bitcoin Depot’s kiosks offer a user-friendly process for converting cash into Bitcoin, enabling customers to engage with the digital financial system. In addition to its ATMs, available in 48 states, the company also offers BDCheckout, a service that allows customers to fund their wallets with cash at participating retail outlets in 28 states.With this expansion, Bitcoin Depot aims to consolidate its market presence. As of September 30, 2023, the company operates around 6,400 kiosk locations and holds the largest market share in North America.The information in this article is based on a press release statement.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Dimon’s latest comments echo his long-held skepticism towards Bitcoin, which he conveyed during his appearance on the network. Following his remarks, Bitcoin experienced a price drop, falling to $42,400. The decline underscores the influence that prominent financial figures can have on the volatile cryptocurrency markets.However, Dimon did acknowledge the potential of blockchain technology, the underlying system for Bitcoin, in certain applications. This nod to the technology’s utility indicates a recognition of the growing role digital ledgers play in modern finance, even as he casts doubt on the cryptocurrency itself.While Dimon’s views may not align with the enthusiasm of cryptocurrency advocates, the continued inflow of billions into Bitcoin spot ETFs suggests that many investors remain bullish on the future of digital assets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The cryptocurrency exchange landscape remains largely under the control of centralized platforms. Despite the challenges faced by the industry, including the departure of high-profile executives and market volatility, these exchanges continue to outpace their decentralized counterparts. Uniswap and PancakeSwap, two of the more prominent decentralized exchanges, have experienced their own share of fluctuations. However, they have only managed to achieve a peak market share of around 2.98%, underlining the dominance of centralized exchanges in the current market environment.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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