Before I dive right into what BUSD-Margined Futures Contracts are, lets first start with:
What is BUSD?
BUSD is also known as Binance USD, and it is a stable coin which implies, its price is fixed and does not change since it's pegged to the value of US Dollars.
BUSD is tradeable on several DEXes, such as Binance, Changelly, Pancakeswap, bithance etc.
What is a BUSD-Margined Contract?
This is one of the available contracts on the Binance futures. This contract has other tokens being traded against BUSD. Also, PNLs are acquired in BUSD. What are the BUSD-Margined contracts available on Binance Futures? 1. BTCBUSD 2. ETHBUSD 3. BNBBUSD 4. ADABUSD 5. XRPBUSD 6. DOGEBUSD 7. SOLBUSD 8. FTTBUSD
The advantages of trading BUSD-Margined contracts on Binance
- BUSD is secured and 100% backed by cash.
- Convert to BUSD and Buy BUSD with 0 transaction fee on Binance.
- Cheaper trading fee for BUSD trading pairs.
- Use BUSD as collateral to trade USDT-Margined contracts under Multi-Asset mode
You can signup to Binance Using the link below: https://accounts.binance.me/en/register?ref=I5L7LRSR
Start your futures journey with the link below: https://www.binance.com/en/futures
BinanceFutures
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