Binance Futures Launches New Altcoin with 50x Leverage
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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.
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