At Extreme Investor Network, we are always keen on keeping our readers informed about the latest developments in the world of cryptocurrency and blockchain technology. Today, we are excited to share with you the news about Binance Futures’ upcoming launch of a groundbreaking USDⓈ-margined 1000000MOGUSDT perpetual contract with up to 75x leverage.
Scheduled to make its debut on November 7, 2024, at 12:30 UTC, this innovative contract is set to revolutionize trading options for users on the Binance platform. With a focus on enhancing the trading experience, Binance Futures is paving the way for increased flexibility and efficiency in the world of cryptocurrency trading.
Key Features of the 1000000MOGUSDT Contract
The 1000000MOGUSDT perpetual contract boasts a maximum funding rate of +2.00% / -2.00%, with funding fees settled every four hours. This contract is based on Mog Coin (MOG), with the contract address 0xaaee1a9723aadb7afa2810263653a34ba2c21c7a. Binance reserves the right to adjust contract specifications such as funding fees, tick size, and leverage in accordance with market conditions.
Trading Flexibility with Multi-Assets Mode
One of the standout features of the 1000000MOGUSDT contract is the introduction of the Multi-Assets Mode, allowing traders to utilize multiple margin assets, including Bitcoin (BTC). This new feature offers traders greater flexibility and efficiency in managing their trading margins, opening up a world of possibilities for cryptocurrency enthusiasts.
Regulatory and Risk Considerations
In line with its commitment to compliance, Binance emphasizes that the new perpetual contract will adhere to the Binance Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to the original English version of the announcement for the most accurate information, as discrepancies may exist in translated versions.
Furthermore, Binance is aligning with MiCA requirements by imposing restrictions on unauthorized stablecoins for EEA users as of June 30, 2024. Additionally, users are urged to exercise caution due to the inherent risks and volatility associated with futures trading, and to seek professional advice when necessary.
At Extreme Investor Network, we are dedicated to providing our readers with unique insights and valuable information about the cryptocurrency market. Stay tuned for more updates and exclusive content on the latest trends in crypto, blockchain, and beyond. Invest wisely and stay ahead of the curve with Extreme Investor Network.