In an exciting development for cryptocurrency enthusiasts, Binance Wallet has announced the integration of on-chain perpetual futures trading through Aster. This upgrade allows users to trade derivatives directly within Binance Wallet (Web), maintaining full self-custody of their assets. The move not only enriches Binance’s offerings but also provides a seamless trading experience.
What Does This Mean for Binance Wallet Users?
The new feature enables perpetual futures trading through the Binance Wallet (Web) interface, eliminating the need for third-party decentralized applications. At present, the service is exclusively available for Binance Wallet (Web) users on the BNB Smart Chain, with plans to introduce mobile functionality and support for other networks in the near future.
Users can trade with a range of collateral tokens, including BNB, USDT, ASTER, and ETH, among others. This flexibility makes it easier for traders to manage collateral and execute leveraged trading strategies effectively.
Expanding Access with Stock-Based Perpetual Contracts
An innovative feature of the Aster integration is the inclusion of stock-based perpetual trading pairs. Users can trade blue-chip equities like Apple (AAPLUSDT) and Nvidia (NVDAUSDT), along with exchange-traded funds such as the Invesco QQQ Fund (QQQUSDT). This diversification expands the range of assets accessible via the Binance Wallet’s decentralized trading platform.
Advanced Trading Features
Aster’s platform leverages cutting-edge tools to optimize the trading experience. This includes utilizing a weighted average from major spot markets to determine mark prices and enabling features such as Hidden Orders. These advanced functionalities help traders with varying strategies and preferences.
Perks for Binance Wallet Users
To celebrate the launch, Binance Wallet users can participate in Aster’s trading competitions, enjoy reward events, and gain points for Aster’s airdrop programs when executing perpetual trades. Additionally, Binance Wallet is hosting a special promotional campaign featuring rewards of up to 200,000 USDT.
Winson Liu, Global Lead of Binance Wallet, shared his enthusiasm for the integration, emphasizing the company’s commitment to empowering users: “Introducing on-chain perpetual futures trading directly within Binance Wallet is a key step toward providing sophisticated trading tools while ensuring full asset control.”
How to Get Started
Accessing this feature is simple. Users can log into their Binance Wallet (Web) account and navigate to the “Perpetuals” tab to begin trading. Whether you’re a seasoned crypto trader or just stepping into the world of decentralized finance, this integration offers a streamlined and secure platform for your trading needs.
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