Newly launched DeFi derivatives platform Perpetual Protocol crosses open interest milestone in barely 24 hours.
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Category: Perpetual Swap
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Binance is the First Exchange to Give Cardano a Perpetual Swap Contract
It is crucial for any cryptocurrency exchange to keep evolving. For Binance, the world’s biggest crypto trading platform, launching new services is a good way to go. Introducing more perpetual swaps will certainly generate a fair bit of interest. Cardano in a Perpetual Swap Contract For now, the never-ending contracts are only provided for Cardano, or ADA. Users can exchange Cardano with up to 75x the normal “impact”. The perpetual swap contract for this alternative cryptocurrency is tied to Tether’s USDT. It is the first time any cryptocurrency trading platform decides to provide such functionality for Cardano specifically. This now
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