As a seasoned crypto investor with over a decade of experience navigating the ever-evolving digital asset landscape, I must admit that the recent launch of Margined SLERFUSDT and SCRTUSDT perpetual contracts by Binance Futures has certainly piqued my interest. The 40% surge in SLERF‘s price within 24 hours is a testament to the market’s excitement, and I can’t help but feel a tinge of FOMO (Fear Of Missing Out) myself.
On November 21, 2024, at 11:30 UTC, Binance Futures introduced two new perpetual contracts: Margined SLERFUSDT and SCRTUSDT. These fresh offerings became available for trading, increasing the platform’s selection. With up to 75 times leverage, these contracts provide traders an expanded scope for diversified trading, offering them more opportunities for investment.
The announcement caused an exceptional surge in the market for SLERF, as its token price skyrocketed by 40% over the past day, hitting a value of $0.4021. Currently, SLERF boasts a market capitalization of approximately $201.04 million, and the 24-hour trading volume experienced an impressive increase of 249.10%, amounting to $298.44 million.
Contract Details:
- Underlying Assets: SLERF (SLERF) and Secret (SCRT).
- Settlement Asset: USDT (Tether).
- Tick Size: 0.0001 for both contracts.
- Maximum Leverage: 75x.
- Funding Fee Settlement: Every four hours with a capped funding rate of +2.00% / -2.00%.
On Binance Futures, the Multi-Assets Settlement feature is available for these contracts. This means that traders can settle their trade obligations using various assets.
1) The strong surge in SLERF’s value underscores mounting interest in the token due to Binance’s recent announcement. Additionally, the SCRTUSDT contract drew notice, further solidifying Binance Futures’ reputation for providing a wide array of trading options.
Traders have the continuous opportunity to delve into these contracts around the clock on Binance Futures. The increased volatility and liquidity that accompanies this launch signifies a notable step forward in Binance’s mission to equip its international users with sophisticated trading resources.
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2024-11-21 16:39