Binance Futures launches perpetual contract with 50x leverage
Binance Futures, a prominent player in the cryptocurrency sector, is poised to enhance its offerings with the introduction of a new product. As of Oct. 15, Binance Futures has enabled crypto traders to tap into a new financial instrument, which allows for trading leverage up to a reported 50 times. According to Binance, the BOND/USDT Perpetual Contract, backed by the BarnBridge (BOND) token as its underlying asset and having Tether (USDT) as its settlement asset, presents a new opportunity for crypto enthusiasts. It operates 24/7, ensuring continuous trading availability for its users. The contract also comes with a tick size of 0.001 and a capped funding rate of +2.00% or -2.00%, with funding fee settlements set to occur every four hours. News of the new offering comes only days after Binance launched U-based BIGTIME perpetual contract s with up to 20 times leverage . You might also like: Binance CEO, colleagues face potential indictment in Brazil Additionally, Binan...