Binance Futures Launches VOXEL Perpetual Contract With 50x Leverage

Introducing the VOXELUSDT Perpetual Contract with 50x Leverage on Binance Futures

At Extreme Investor Network, we are excited to share the latest news from Binance Futures. The leading cryptocurrency exchange is set to launch the VOXELUSDT Perpetual Contract, offering traders the opportunity to leverage their positions up to 50 times. This new derivative product will provide users with expanded trading options and the potential for increased returns, although it comes with higher risk.

Details of the New Contract

The VOXELUSDT Perpetual Contract will be available for trading starting August 20, 2024, at 10:30 (UTC). With a maximum leverage of 50x, traders can capitalize on market opportunities and amplify their profits. The funding rate at launch is set at +2.00% / -2.00%, with funding fee settlements every four hours. Binance may adjust the contract specifications, including funding fees and margin requirements, based on market conditions.

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Multi-Assets Mode

Binance Futures will support Multi-Assets Mode for the VOXELUSDT contract, allowing users to trade across multiple margin assets with applicable haircuts. For example, traders can use Bitcoin (BTC) as margin when trading the VOXELUSDT perpetual contract, providing flexibility and diversification in trading strategies.

Terms and Conditions

It’s important for users to review Binance’s Terms of Use and the Binance Futures Service Agreement before engaging in trading activities with the VOXELUSDT Perpetual Contract. Binance emphasizes the volatility of digital asset prices and the high market risk associated with futures trading. Traders are encouraged to take responsibility for their investment decisions and practice responsible trading. For more information on responsible trading practices, visit Binance’s Responsible Trading page.

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Binance’s Commitment to Innovation

As the cryptocurrency market evolves, Binance remains at the forefront of innovation by expanding its product offerings to meet the diverse needs of its user base. The introduction of the VOXELUSDT Perpetual Contract exemplifies Binance’s dedication to providing a comprehensive trading experience for its users.

Stay tuned for more updates and insights from Extreme Investor Network to stay informed and empowered in the world of cryptocurrency trading. Join us as we explore the latest trends and developments in the blockchain and cryptocurrency space.

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