Binance announced a new futures contract for Zcash.

The world's largest cryptocurrency exchange Binance has announced an exciting development for investors by launching a new futures contract for Zcash (ZEC). The exchange will start trading in the ZECUSDC pair on November 19, Wednesday, at 13:30 Turkish time (TRT). This new contract will be offered as a continuous futures contract with a maximum 75x leverage using USD Coin (USDC) as collateral.

Zcash is known as a decentralized cryptocurrency designed to protect users' privacy and anonymity. In this context, Zcash is generating significant interest among investors and raising expectations. Along with the new futures contract, the Multi-Assets Mode feature has been introduced, allowing investors to trade the ZECUSDC contract using different collateral assets. Users can now trade the ZECUSDC contract with various assets like Bitcoin.

Binance noted that the contract may vary according to market conditions, and the funding rates will range from +2.00% to -2.00% and will be updated every 4 hours. Additionally, it was emphasized that the tick size is set at 0.01, and the right to make changes to the initial and maintenance margins is reserved. This situation is considered an important development in terms of managing investors' positions.

Binance clarified that the futures contracts are not linked to spot market listings and that the listing of an asset in futures does not mean it will also be listed in the spot market. This distinction will help investors make accurate assessments while formulating their strategies.

In conclusion, the new futures contract for Zcash presents an intriguing opportunity for investors. The potential for high leverage, the ability to trade with different collateral assets, and the flexibility to adapt to market conditions are key points for investors to consider in evaluating this new opportunity.