Binance Launches New Perpetual Futures Contract with 75x Leverage

In an exciting move for its users, Binance is adding a new token to its futures trading platform, broadening the range of options for crypto investors.

The exchange announced the it is adding SANTOSUSDT Perpetual Contract for the Santos FC Fan Token (SANTOS).

Traders can now access up to 75x leverage on this contract, enabling them to speculate on SANTOS’s price movements without needing to own the token.

SANTOS, launched in collaboration with Binance Launchpool in 2021, represents Brazil’s Santos FC football club.

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The listing sparked an impressive surge in the token’s market performance, with SANTOS climbing over 100%, accompanied by a trading volume increase of nearly 1,850%.

Binance recently expanded its futures line-up, adding contracts for SAFE and Moodeng, each offering up to 75x leverage, to diversify trading options on the platform.

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.