ZCash futures launched as Binance Futures adds new perpetual contract

According to Binance’s official announcement, trading for the new ZCash futures contracts opens at 8:00 AM (UTC) on the 5th of February 2020. In order to prevent market manipulation, a price limit of ±1% will be enforced on the marked price within the first 15 minutes after trading starts. Binance had announced on Tuesday, that it will be launching ZCash (ZEC) to Tether (USDT) perpetual contracts with up to 50x leverage. What are perpetual contracts? As Binance clarifies, perpetual contracts are very similar to traditional futures contracts, except that the former has no expiration or settlement date. With traditional contracts, depending on