Binance Lists New Altcoin Perpetual Contract for Futures Trading – Price Soars 120%

On October 25, 2024, Binance Futures will introduce a new perpetual contract, available for trading with significant leverage options.

This USDT-margined contract will allow users to amplify their positions up to 75x, giving experienced traders a way to potentially increase their returns in a single trade.

Key specifics of the upcoming contract include a 1:00 PM ET launch time, with a starting funding rate of ±2.00% and settlements occurring every four hours.

Binance will also have the ability to adjust elements such as leverage and fees in response to market conditions to manage risks.

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The contract is part of Binance’s Multi-Asset Mode, enabling traders to utilize various assets, like Bitcoin, as margin for these trades.

This expansion of Binance’s derivatives platform offers more high-leverage options for those looking to diversify their strategies, but it’s essential for users to practice careful risk management, given the volatile nature of leveraged trading.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.