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Binance Futures Launches New Altcoin with 50x Leverage

19.08.2024 19:00 1 min. read Alexander Stefanov
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Binance Futures Launches New Altcoin with 50x Leverage

Binance Futures is introducing SYS trading with up to 50x leverage starting today, August 19, 2024.

Traders will be able to use this leverage on the SYSUSDT perpetual contract.

The contract will feature a funding rate that can range from +2.00% to -2.00%, with funding fees being settled every four hours.

Binance also mentioned that details such as funding rates, leverage, tick size, and collateral requirements might be revised based on market conditions.

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Additionally, traders can utilize Binance’s Multi-Asset Mode, allowing them to trade the SYSUSDT contract using various margin assets, including Bitcoin (BTC).

This launch highlights Binance Futures’ aim to offer greater flexibility and a broad selection of trading options to its users.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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