Binance, the world's largest cryptocurrency exchange, has announced the launch of USD-M and COIN-M Quarterly 1227 Delivery Contracts. This move will make Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Chainlink (LINK), Bitcoin Cash (BCH), XRP, Polkadot (DOT), and Litecoin (LTC) available for trading after the expiry and delivery of USD-M and COIN-M Quarterly 0628 Delivery Contracts on June 28.

The quarterly delivery contracts will become available for trading a few hours after the previous contracts expire and settle at 08:00 on June 28. The tick size and maximum leverage for futures contracts remain unchanged. For instance, USD-M BTC and ETH Quarterly 1227 delivery contracts will have a tick size of 0.1 and 0.01, respectively, with a maximum leverage of 50x. Similarly, COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, and LTC Quarterly 1227 delivery contracts will have different tick sizes and maximum leverage.

XRP and ADA: A Breakout Awaits

XRP and ADA have been struggling in terms of price performance compared to other cryptocurrencies. Both altcoins are currently trading at lower support levels. ADA's price rally over the past year has been limited to just 50%, with the price falling to $0.36 recently. However, a 5% price jump in the last 24 hours has raised hopes of a strong recovery in the coming weeks. XRP, on the other hand, has dropped to a yearly low, giving up all its gains. The 24-hour low and high are $0.4773 and $0.5078, respectively.

Futures trading data in the last 24 hours indicate mixed reactions from XRP and ADA traders, largely due to concerns surrounding major options expiry on June 28.