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In finance, a perpetual futures contract, also known as a perpetual swap, is an agreement to non-optionally buy or sell an asset at an unspecified point in the future. . Perpetual futures are cash-settled, and differ from regular futures in that they lack a pre-specified delivery date, and can thus be held indefinitely without the need to roll over contracts as they approach expi
A cryptocurrency exchange can typically send cryptocurrency to a user's personal cryptocurrency wallet.Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide [1] [2] while other digital currencies are backed by real-world commodities such as gold.
The term Merchant Cash Advance (MCA), first used by Les Falke to label AdvanceMe's product, is now commonly used to describe a variety of small business financing options characterized by purchasing future sales revenue in exchange for short payment terms (generally under 24 months) and small regular payments (typically paid each business day ...
Binance.US holds U.S. dollar deposits at custodial bank accounts, which are typically insured by the FDIC for up to $250,000 per customer. To date, Binance.US has not reported any security issues.
The problem was initiated when banks and card issuers changed the merchant category code (MCC) for cryptocurrency purchases earlier that month. This meant that cryptocurrency payments would now be processed as "cash advances", meaning that banks and credit card issuers could begin charging customers cash advance fees for cryptocurrency purchases.
Cash settled futures are those that, as a practical matter, could not be settled by delivery of the referenced item—for example, it would be impossible to deliver an index. A futures contract might also opt to settle against an index based on trade in a related spot market. ICE Brent futures use this method of settlement.
In one of the largest corporate fines in U.S. history, Binance last month agreed to pay over $4 billion to settle the charges while Zhao agreed to pay $50 million personally.
1. B9 Advance. B9 Advance is a membership-based cash advance app that allows you to access up to 100% of your paycheck instantly once your account is set up. The membership fees range from $9.99 ...