As a seasoned analyst with over two decades of market experience under my belt, I must say that the recent move by Binance Futures to launch new USD-margined perpetual contracts, including Solana’s Fartcoin (FARTCOIN), is nothing short of intriguing. The 75x leverage on these contracts provides an exciting opportunity for traders seeking high-leverage trading on the platform.
Binance Futures is increasing its product line by introducing new US Dollar-collateralized long-term contracts, such as the Solana’s Fartcoin (FARTCOIN), offering a maximum leverage of 75 times.
On December 20, 2024, these newly introduced contracts offer thrilling chances for high-leverage trading within our platform. Among them are AIXBT, KMNO, Solana’s Fartcoin, and CGPT, each tailored to suit diverse trading styles.
At 18:30 UTC, the AIXBTUSDT contract was initiated, followed by FARTCOINUSDT at 18:45 UTC. Subsequently, the KMNOUSDT contract was rolled out at 19:00 UTC, and the CGPTUSDT contract was introduced at 19:15 UTC.
The contracts can be traded around the clock (24/7), and the funding charges are adjusted every four hours. The funding rate, which ranges between +2.00% to -2.00%, is set to maintain a consistent market scenario.
As a crypto investor, I’m excited about Binance’s introduction of the Multi-Assets Mode. This feature now enables me to utilize my Bitcoin holdings as collateral for trading contracts, offering increased versatility and streamlined operations. This innovative approach is a game-changer in my book!
Fartcoin’s value jumped more than 10%, going from $1.10 to $1.21. Meanwhile, AIXBT, KMNO, and CGPT also saw substantial price changes, with KMNO rising by 10% and CGPT increasing by 22%. This growth suggests a growing fascination and increased trading activity surrounding these recently introduced contracts.
By adding these sought-after tokens, Binance Futures is staying true to its approach of listing well-liked cryptocurrencies that show promise for significant price increases and substantial trading activity.
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2024-12-21 11:49