Futures Trading
Cryptocurrency futures trading platforms allow you to bet on the future direction of digital asset prices, while Binance offers two main ways to trade futures: futures contracts with an expiration date and perpetual futures contracts. The first method involves a settlement date based on the type of futures contract you have purchased, and the trade is settled in cryptocurrencies or Tether (Tether-USDT).
However, Binance allows the use of perpetual futures contracts that can be settled in Tether or USDC or cryptocurrencies. Unlike futures contracts with an expiration date, perpetual futures contracts do not have an expiration date, allowing you to keep the trade open indefinitely. In short, there is no ceiling to your potential profits unlike futures contracts with an expiration date, while futures trading supports leverage of up to 50 times in some trading pairs, and we will learn more about leveraged trading in the next few lines.
4) Options Trading
As the name suggests, trading cryptocurrency options allows you to buy or sell at a specified price, and the Binance platform offers options trading for five major cryptocurrencies, including Bitcoin (Bitcoin-BTC), Ethereum (Ethereum-ETH), and Ripple (Ripple-XRP).
