Binance, a crypto exchange, is removing perpetual contracts for Cardano (ADA) and Polygon (MATIC) as part of its efforts to streamline its product offerings. Perpetual contracts allow traders to bet on the future price of an asset without owning it. Binance’s decision to end perpetual contracts for ADA and MATIC may stem from low trading volumes. However, users can still trade these assets through spot trading, margin trading, and futures trading. Binance reassured users that their assets would not be affected by the discontinuation of perpetual contracts.
