Binance has introduced the introduction of the HIVE Perpetual Contract on Binance Futures. This new buying and selling possibility, which kicks off in the present day (Dec. 23, 2024), will present customers with a greater buying and selling expertise. Merchants can have a chance to achieve as much as 75x through this selection.
The change said that the HIVE/USDT contract will help multi-asset mode, which is able to enable Binance to make use of different cryptocurrencies. For instance, a consumer can use Bitcoin (BTC) as a margin with an energetic Multi-Asset Mode when buying and selling this perpetual contract.
Additional, the change clarified that the utmost funding charge for the perpetual contract shall be capped at +2.00% / -2.00%. Settlement of the funding price will happen each 4 hours.
HIVE Worth Evaluation
With the brand new addition of the HIVE Perpetual Contract on Binance, the coin may expertise extra retail and institutional curiosity. The coin briefly surged to $0.4085, smashing previous the resistance degree of $0.3605.
Based on Coinmarketcap, the HIVE token is buying and selling at $0.3625 as of this writing. Buying and selling quantity for the coin stood at $683.19 million within the final 24 hours, marking an 11.04% enhance in the identical interval. HIVE additionally has a complete market cap of $181.28 million, which signifies heightened curiosity from buyers.
The introduction of the HIVE/USDT pair on Binance Futures signifies the platform’s efforts to offer its customers with extra buying and selling pairs. The platform already has different perpetual buying and selling pairs that give customers a chance to get pleasure from excessive leverage on totally different digital property.
Understanding the Hive Blockchain
The Hive Blockchain is an open-source blockchain that helps gaming platforms, decentralized functions (dApps), social networks, and different decentralized options. By way of the blockchain’s native token (HIVE), this platform ensures its customers get pleasure from pace and scalability. These options make the platform engaging to builders looking for to create decentralized initiatives on an environment friendly blockchain.
Hive additionally boasts its sustainability. For example, the platform fosters environmental sustainability via its Environmental, Social, and Governance (ESG) technique. It makes use of 100% inexperienced power for Ethereum and Bitcoin mining amid considerations over the exercise’s environmental affect.
Hive additionally has a HODL technique that has been fairly profitable. It supplies long-term worth to shareholders and positions the platform for immense progress.
Influence of Binance Itemizing
Binance’s transfer to checklist HIVE speaks volumes concerning the change’s dedication to offering customers with numerous buying and selling choices. It additionally depicts how itemizing on the change impacts the market. Upon the announcement, Hive’s buying and selling quantity rose by 143%, indicating exceptional buying and selling exercise.
Binance listings have beforehand had a major market affect. As lined in an earlier submit, buyers have been making large income by simply watching out for brand spanking new Binance listings.
