Main reason? That's the thing they trust, the exchange itself, nothing more. Do not listen to all those people who are trying to make a logical argument, sure those all matter but the reality is that exchanges want a profit in USDT, much better and easier. Do not think exchanges are in love with cryptocurrencies, they even dislike most of them. Because, they get a trading fee in that coin, and how would they be able to sell that and get out?
So, let's say binance has doge, which means they make doge profit, how would they even turn that into usdt or btc? It would crash doge price if they kept selling every day, if they collect it and sell in bulk, that would be even worse. Hence USDT is better and easier for them.
Topic: Why exchangers derivates and futures dont have other then USDT ? (Read 62 times)
I'm guessing that Binance went with USDT than with USDC simply because USDT has a lot more liquidity compared to USDC.
Trading volume in the last 24 hrs as per CoinGecko:
^Can't expect this to be super accurate but it's clear that USDT has far more volume.
Direct link to check with Stable coins category on CoingeckoTrading volume in the last 24 hrs as per CoinGecko:
^Can't expect this to be super accurate but it's clear that USDT has far more volume.
If anyone wants to see a comparison of trading volume growth amongst some stablecoins, let's check
From Coingecko's stats, BUSD from Binance is at third position and is a little bit less than USDC. It is a significant achievement for Binance and BUSD if you know other exchanges mostly don't support BUSD. They want to fight seriously against Binance.
It's very hard to get trading pairs for altcoin/ BUSD on non-Binance exchanges.
So BUSD Futures also ?
Sure,Click on USDs-M or USDs-Margined contracts. You will be able to see BUSD perpetual contracts, but they are much fewer than those of USDT.
It's quite self-explanatory. USDT perpetual contracts are much more popular and have more trading volumes than alternatives like USDC. But if you look carefully, you can also see BUSD perpetuals. Inverse perpetual contracts are also available, but it seems like not so many people like them except when there's a bull run.
So BUSD Futures also ?
It's quite self-explanatory. USDT perpetual contracts are much more popular and have more trading volumes than alternatives like USDC. But if you look carefully, you can also see BUSD perpetuals. Inverse perpetual contracts are also available, but it seems like not so many people like them except when there's a bull run.
I'm guessing that Binance went with USDT than with USDC simply because USDT has a lot more liquidity compared to USDC.
Trading volume in the last 24 hrs as per CoinGecko:
^Can't expect this to be super accurate but it's clear that USDT has far more volume.
Trading volume in the last 24 hrs as per CoinGecko:
^Can't expect this to be super accurate but it's clear that USDT has far more volume.
In binance only USDT / but why not other options ?
Should have many others
Binanxe ceo should think about securoty and
Should have many others
Binanxe ceo should think about securoty and
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