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