According to the latest announcements, Binance plans to launch up to 50x leveraged transactions on 3 recently launched altcoin projects.
Binance announces 50x move for this altcoin!
On March 22, Binance announced that the Binance contract will launch trading with leverage up to 50x approximately 15 minutes after the start of Arbiturm (ARB) spot trading on Binance. ARB spot trading is scheduled to begin March 23 at 20:00.
cryptocoin.com As Arbitrum, we conveyed that the highly anticipated airdrop event will be held on March 23. Arbiturm (ARB) will be listed on the largest centralized exchanges, including Binance, simultaneously with the airdrop date.
Binance included the following points that altcoin investors should pay attention to about Arbiturm (ARB) spot transactions:
- Binance may from time to time adjust properties of contracts, including confirmation size, maximum leverage, initial margin and/or maintenance margin requirements, depending on market risk conditions.
- Multi Asset Mode allows users to buy and sell ARBUSDT Perpetual Contract between multiple margin assets subject to applicable deductions. For example, when Multi-Asset Mode is enabled, users can use BTC as collateral when trading the ARBUSDT Perpetual Contract.
- ARBUSDT Perpetual Agreement is governed by the Binance Terms of Use and Binance Futures Service Agreement.
- If any inconsistency arises between the translated versions and the original English version, the English version will prevail.
Micro Bitcoin Finance (MBTC) and ETH, futures contracts launch
In another announcement, Binance Futures announced that it will list USDⓈ-M BTC and ETH quarterly 0630 contracts on March 27 at 05:40. USDⓈ-M quarterly 0331 contracts will expire on March 31.
Users are only allowed to close their positions or place a Reduce Only order and are not allowed to open any new positions ten minutes before delivery.
Binance supports Syscoin (SYS) network upgrade
In the latest news, Binance announced that it will support Syscoin (SYS) network upgrade. The network upgrade will take place on March 3 at 11:07 PM, at block height of 1,586,000. Deposits and withdrawals with SYS will be suspended from approximately 23 March 23:07.
Instructions for Syscoin (SYS) investors to follow:
- Open SYS positions will not be affected during network upgrade.
- The Syscoin (SYS) network upgrade will occur at the Syscoin block height of 1,586,000. The estimated time is for users’ reference only.
- Binance will fulfill all relevant technical requirements for all users who have SYS in their Binance account.
- Deposits and withdrawals for SYS will be reopened once the upgraded network is determined to be stable.
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