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Binance Futures Launches New Altcoin Perpetual Contract with 75x Leverage

03.09.2024 17:30 1 min. read Alexander Stefanov
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Binance Futures Launches New Altcoin Perpetual Contract with 75x Leverage

Binance Futures is expanding its offerings with the introduction of the FLUXUSDT Perpetual Contract, which will offer up to 75x leverage.

Flux (FLUX) is a decentralized cloud computing network that supports the development of scalable blockchain applications across various platforms.

It operates on its own blockchain and integrates with seven other blockchains, including Ethereum (ETH) and Avalanche (AVAX).

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The addition of the FLUXUSDT Perpetual Contract is designed to enhance trading options and provide users with more flexible margin management. The contract will feature a maximum funding rate of +2.00% / -2.00% and funding fees will be charged every four hours.

Binance Futures may adjust the contract’s features, such as funding fees, leverage limits, and margin requirements, depending on market conditions. Additionally, Binance will introduce a Multi-Asset Mode for this contract, enabling trading with various margin assets, including BTC.

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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