As of today, the futures trading platform of Binance, Binance Futures launched a perpetual contract for Vechain (VET) as we are about to read in the Vechain news.
Binance info described VeChain as:
“With the concept of ‘Live for Collaboration’, the VeChain project began in 2015 and is built to be the public blockchain platform supporting blockchain-based business applications offering real economic and social value. As a leading global enterprise-level public blockchain platform, the VeChainThor Blockchain provides a comprehensive governance structure, a robust economic model, and advanced IoT integration, which can build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration and high-speed value transfer.”
Binance futures launched a new product and according to the official announcement, the project aims to prevent market manipulation so the platform will implement a pricing limit of +- 1% on the marked price in the first 30 minutes after the trading session starts. As with the previous BAT/USDT perpetual contract that was announced, the VeChain perpetual contract on Binance Futures is similar to the trading pairs on the spot market since they are ‘’price and settled in the same manner’’ as per the VeChain news reports.
Binance Futures will also be able to choose between 1x and 50x leverage and some of the main specifications of the contract include a quote asset that is USDT, base asset that will be VET, a settlement asset that will be USDT, one contract unit will be 1 VET, the tick size will be 0.00001and the minimum contract quantity 0.1. Also, the maximum contract quantity will be 10 million and the base maintenance margin rate will reach 1.00 percent while the liquidation fee will reach 0.5%.
The other 20 perpetual contracts aside from Vechain that are offered by Binance Futures include, ETH/USDT, BCH/USDT, XMR/USDT, Dash/USDT, ZEC/USDT, LTC/USD, BTC/USDT, LINK/USDT, XL/USDT, ATOM/USDT and many more.
The VeChain (VET) cryptocurrency is one of the rare trendsetters in the altcoin news and rumors with not many stories or developments behind it. However, all of this has changed this last quarter of 2019 and we can see that in the wave of updates, a new VeChain price prediction was established by a couple of analysts.
Binance UK News Show Buying BTC Is Now Easier Than Before
- Create an account on Binance Jersey and complete the verification process
- Log in to your account, go to Funds>Deposits>GBP
- Enter your desired deposit amount in GBP and click on 'Submit'
- Go to your bank to complete the deposit
- Once you complete it, check your Binance Jersey account to see the status of your deposit
- Use the deposited GBP to buy crypto such as Bitcoin
- Log in to your Binance account (or create one if you don't have it)
- Visit this link
- Enter how much BTC or other cryptocurrencies you want to buy
- Read through the order and accept it, and then click on Go To Payment
- You will be reloaded to Simplex, where you can verify your details and enter the details of your credit card
- Once you provide the needed info, the transaction will be finished!
Malta’s Financial Watchdog Says Binance Is Not Licensed
“Admission of virtual financial assets to trading and/or for offering virtual financial assets to the public in and from Malta requires an MFSA licence in terms of the Virtual Financial Assets Act (CAP 590) of 2018.’’Due to spur that the MFSA’s statement caused in the crypto community, Changpeng Zhao who is the CEO of Binance, took it to twitter to explain the allegations saying that this is ‘’old news’’ :
“There is a mix of truth, FUD & misconception. Binance.com is not headquartered or operated in Malta. This is old news & has always been the case, hence there is quite a bit of FUD turning this into a breaking story. The community’s comments show that understanding.’’Zhao added that the company operates in a decentralized manner and reached more than 180 nations worldwide. Binance does have a huge number of regulated entities across the world and it has a goal to become a fully decentralized autonomous organization. Users still don’t know where Binance is actually located since it announced it is moving to Malta back in 2018 after they were forced to move out from Japan because of the harsh regulatory climate. During the same time, Joseph Muscat who is the prime minister of Malta, appeared to have welcomed the exchange to the island:
“Welcome to Malta Binance. We aim to be the global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies.’’Binance’s chief growth officer admitted in an interview about the offices in Malta:
“We have offices in Malta for customer services, and some compliance people there, but it’s not the headquarters per say. It’s the spiritual headquarters. It’s a name that people think about when they think about Binance.’’
Binance CEO Is Sure: BTC Halving “Not Priced In Yet”
“The demand side is increasing, the supply side is decreasing.”However, he also explained that he expects there to be a resistance which will keep Bitcoin's price around $10,000 for some time. The Binance CEO is sure that “there are psychological barriers around nice round numbers. So 10,000 is a very nice round number, so [...] the price will fluctuate back and forth around that a bit.” While the Bitcoin price just dropped below $10,000 again, the outlook for Bitcoin is mostly positive according to a lot of experts. Recently, the market analyst Keith Wareing said that this week saw Bitcoin ascending its 50-day moving average cross over its 200-day moving average. This rare bullish sign is known in the cryptonews as a "golden cross" and Wareing suggested that BTC can hit $26,000 in two months thanks to a bullish event which previously triggered 170% price gains. However, events like that are only hypothetical now, especially given the fact that Bitcoin is at $9,600 and in a bearish momentum just like the rest of the marketplace.
Binance Stops Trading To Resolve A Technical Issue
“Last week was a tough one. [...] We had a number of performance issues, which negatively impacted the accessibility of our platform.”Per the report, we can see that Binance trading platform was unable to manage all users and keep market data, the orders and the balances up to date. The firm also promises to solve the issues soon and encourages users who were damaged by these performance issues to get in touch with the support.
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