Cryptocurrency exchange Binance announced that a new altcoin will be listed in futures. Offering this opportunity to its users, Binance continues to expand its trading options. The FLUXUSDT Perpetual Contract attracts attention with its high leverage rates.
Binance Announces Good News: FLUX Futures Coming with 75x Leverage
Binance Futures is providing its users with a new trading option with the FLUXUSDT Perpetual Contract, offering up to 75x leverage. This new contract will be available for trading starting at 10:00 AM on September 3, 2024. Specifically, the FLUXUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at launch. Funding fees will be paid every four hours.
Binance stated that it may adjust various features related to this contract according to market conditions. Funding fee, confirmation size, maximum leverage, and collateral requirements can be changed during this dynamic process.
Flexible Trading with Multi-Asset Mode
Binance also announced that it will be offering a Multi-Asset Mode for this contract. This feature will allow users to trade the FLUXUSDT perpetual contract using different margin assets such as BTC. This will allow traders to have flexible margin management. It will also further enhance their trading experience.
Multi-Asset Mode offers traders the freedom to trade different assets, providing better protection against market volatility. This move by Binance aims to help users diversify their portfolios and improve risk management.
What is Flux (FLUX)?
Flux (FLUX) is designed as a decentralized computing network for building cross-platform scalable blockchain applications. This cloud-based network allows developing applications that can run on various blockchain networks. In particular, Flux is compatible with popular blockchain networks such as Ethereum (ETH) and Avalanche (AVAX).
This network offers developers great flexibility in creating and running decentralized applications. Flux’s ability to run on different blockchains increases interest in this project. It also provides a wider range of use for users and investors.
Binance Sets Its Targets
With this new contract, Binance Futures aims to provide its users with a wider range of trading options. It also aims to improve the trading experience with flexible margin management tools. Therefore, Binance is constantly developing new products and features to better serve its users.
This move by Binance aims to make users’ trading experiences more diverse and flexible. As we reported at Kriptokoin.com, investors should adapt to market conditions faster with such innovations. At the same time, they will have the opportunity to develop a wider range of trading strategies.
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