Get Ready to Trade: Binance Announces Launch of Arbitrum (ARB) Perpetual Contract

• Binance, the world’s leading cryptocurrency exchange, has announced the launch of the Arbitrum (ARB) perpetual contract.
• Binance is known for its commitment to providing a secure and reliable trading experience, and the Arbitrum perpetual contract will be no exception.

Binance, the world’s leading cryptocurrency exchange, has announced the launch of the Arbitrum (ARB) perpetual contract. This new addition to Binance’s perpetual contract offering provides traders with yet another opportunity to trade on the price movements of cryptocurrencies.

The launch of the Arbitrum perpetual contract comes as no surprise, as Binance has been expanding its offerings to include more tokens and coins. Arbitrum, a Layer 2 scaling solution for Ethereum, has been gaining traction in the crypto space and is seen as a promising project. Arbitrum recently announced that it will be decentralizing into the and of the community.

Perpetual contracts are a type of derivative that allows traders to speculate on the price movements of an underlying asset without owning it. The contracts are settled in USDT, a stablecoin pegged to the US dollar.

With the launch of the Arbitrum perpetual contract, traders will have access to leveraged trading with up to 75x leverage. This means that traders can amplify their potential profits, but also increase their potential losses, so caution is advised.

Binance is known for its commitment to providing a secure and reliable trading experience, and the Arbitrum perpetual contract will be no exception. The exchange uses advanced security measures to protect user funds, and traders can be assured that their funds are safe.

Also Read:

A Comprehensive Intro to Arbitrum, The Next-Generation L2 Scaling Solution for Ethereum

Hsaka, a prominent crypto influencer, pointed out that ARB everlasting trading was introduced by Binance Futures only 15 minutes after ARB spot trading began on Binance. As opposed to the customary 4-5 days after an airdrop, he thinks that a permanent contract launch can happen as soon as “4hrs.”

DeFyist replied that users of Bybit generally flip the daily volumes after such a highly-awaited listing. Binance is listing ARB 4hrs after the ARB airdrop.

On March 20, BitMEX, a cryptocurrency derivatives exchange, introduced a USDT-margined Arbitrum (ARB) futures. ARB-USDT can be bought or sold with up to 20x leverage. At the time of writing, the ARBUSDTM23 price is trading close to $1.44.

#Binance is listing @arbitrum $ARB.

➡️ https://t.co/6YOugDSXrU pic.twitter.com/jnamYKI71U

— Binance (@binance) March 20, 2023

In conclusion, the launch of the Arbitrum perpetual contract on Binance provides yet another opportunity for traders to capitalize on the price movements of cryptocurrencies. With the backing of Binance, one of the most trusted exchanges in the crypto space, the Arbitrum perpetual contract is set to attract a lot of attention from traders looking to leverage their trades. However, as with all trading, caution is advised, and traders should do their research before making any investments.