Binance Wallet (Web) launches on-chain perpetuals via Aster with a rewards campaign
In a January 14 update posted at 09:00 UTC, Binance announced that Binance Wallet (Web) is launching perpetual futures trading powered by Aster. The feature enables persistent trading with leverage inside a self-custody flow executed on Aster and initially supported on the BNB Smart Chain.
Why this is essential
This launch is greater than just one other product change. It is a directional signal.
- The CEX user experience transitions to self-custody: perpetuals are presented in a wallet interface reasonably than a centralized order book account.
- On-chain perpetrators proceed to go mainstream: Binance effectively offers wallet users a native path to on-chain derivatives without manually connecting external dApps.
- The TradFi narrative comes into the chat: Binance specifically highlights Aster's stock perpetuals and drags “on-chain stocks” into the identical discussion as crypto offenders.
What is live at launch?
The Binance announcement describes a wallet-native Perpetuals experience with the next features:
- Access method: Binance Wallet (Web) via a keyless wallet flow
- Venue: Trading takes place on Aster, with Binance Wallet acting because the interface
- Original network: BNB Smart Chain only, with possible later expansion
- Records: Activity is described as being synchronized in real time between Binance Wallet and Aster when using the identical wallet address
Collateral and asset support in the primary version
Binance lists a wide selection of collateral options available on the BNB Smart Chain, including BNB, ASTER, USDT, USD1, WBETH, BTC, ETH and several other BSC native assets. This breadth is essential because multi-collateral designs reduce friction for energetic traders, but can even change liquidation dynamics when collateral values change significantly.
Reward campaign and points system
Two incentive levels are bundled within the launch.
- Aster points
According to the Binance announcement, perpetual transactions made through Binance Wallet (Web) will earn you Aster points and count toward Aster contests and rewards events. Binance also states that Aster controls the points rules and calculations.
- Binance Wallet launch campaign
Binance and Aster have also launched the “On-Chain Perpetual Milestone Challenge,” offering as much as 200,000 USDT in rewards for eligible activities in the course of the campaign window.
- Campaign period: January 14, 09:00 UTC to January 28, 09:00 UTC
- Reward pool: as much as 200,000 USDT
The Stock Perpetuals Angle
Binance highlights that Aster offers perpetual stock markets including AAPLUSDT, NVDAUSDT and QQQUSDT. This is notable since it portrays the product as greater than just a gathering point for crypto offenders.
This doesn’t imply ownership of the underlying shares. It signals derivatives-style exposure, typically transacted via cryptocurrencies, whose risks may differ from traditional stock trading.
Practical insights for traders
- Slippage, liquidity and smart contract risk are real variables amongst on-chain perpetrators, especially during market stress.
- Leverage risk is increased with perpetual bonds. Liquidations can occur quickly if collateral or token prices move against the position.
- Binance notes in its announcement that trading occurs on Aster and that Binance doesn’t control or guarantee Aster's services, so operational assumptions must be balanced with the danger of third-party trading venues.
For users in search of operational details, Binance also provides a step-by-step guide on learn how to use Binance Wallet (Web) for perpetual futures trading.
Binance will mechanically cancel old spot and margin pending orders on January twenty first
In a separate operational notice published on January 14 at 07:00 UTC, Binance announced that each one outstanding unexecuted spot and margin orders placed before January 1, 2024 at 00:00 UTC will probably be mechanically canceled. The automatic cancellation is scheduled for January 21 at 07:00 UTC, in keeping with Binance's announcement on automatic cancellation of older spot and margin orders.
What is canceled and what is just not
This change is narrow and targets “legacy” orders.
- Included in delivery: pending unexecuted spot and margin orders placed before January 1, 2024 at 00:00 UTC
- Excluded: all accomplished trades
- No impact on the fund: Binance states that users' assets remain protected and there isn’t a impact on account access or withdrawals
Why exchanges delete old orders
Binance's explanation is straightforward: market conditions can change significantly over time, and really old, unexecuted orders could be executed in periods of utmost volatility in a way that not reflects the trader's intent.
From an operational perspective, legacy order purges are common in traditional markets because they:
- Reduce the danger of accidental executions
- Improving order book quality
- Reduced edge case system load attributable to outdated orders
Binance also presents it as routine maintenance and risk management, referring users to its exchange rules for the underlying policy rationale.
What traders should do before January twenty first
To avoid surprises:
- Check open orders in each spot and margin accounts, especially if the account has been energetic for years
- Cancel any orders before 2024 which might be not relevant
- Only recreate the orders that also correspond to the present strategy parameters
This is essential for traders executing long-lived ladder orders, range orders, or dormant accounts where old orders could have been forgotten.
Diploma
Binance’s Jan. 14 updates show two sides of the market infrastructure evolution. Binance Wallet (Web) brings the CEX experience closer to self-custody derivatives by integrating on-chain perpetuals via Aster and adding a points and rewards tier to drive adoption. At the identical time, Binance Exchange is cleansing up old spot and margin orders to scale back unintentional executions and improve platform stability. For energetic users, the motion points are easy: understand the risks of on-chain perpetrators before using leverage in a wallet flow, and check for open orders before 2024 before the automated cancellation event on January twenty first.
The post Binance Wallet Adds On-Chain Perpetuals via Aster as Binance Plans to Delete Old Orders appeared first on Crypto Adventure.
