Welcome to Extreme Investor Network, where we provide valuable insights into the world of crypto, cryptocurrency, blockchain, and more. Today, we are excited to share some exclusive information about the latest developments in the crypto market.
Binance Futures Introduces USDC-Margined BOME, TIA, and MATIC Perpetual Contracts
Recently, Binance Futures made a groundbreaking announcement regarding the launch of new perpetual contracts. The BOMEUSDC Perpetual Contract is set to debut on April 25, 2024, at 07:00 (UTC) with a leverage of up to 50x. Following this, the TIAUSDC and MATICUSDC Perpetual Contracts will be introduced with the same leverage at 07:15 (UTC) and 07:30 (UTC) respectively.
These contracts are backed by the BOOK OF MEME (BOME), Celestia (TIA), and Polygon (MATIC) cryptocurrencies, with settlement in USDC. The tick sizes for these contracts vary and are essential for trading accuracy.
Traders can take advantage of funding rates that are capped within specific ranges for each contract, ensuring fair and transparent trading conditions. Additionally, Binance has implemented a new fee structure, offering zero maker fees and a low taker fee for all trades on USDC-margined futures contracts starting from April 3, 2024.
It’s essential to stay informed that Binance may adjust the contract specifications based on market conditions to manage risk effectively. Traders are encouraged to review the terms and agreements provided by Binance for detailed information on the perpetual contracts.
With these innovative offerings, Binance continues to enhance trading opportunities for users, providing a diverse range of assets and leverage options. Traders can access these perpetual contracts on the Binance Futures platform via the website or mobile app, ensuring seamless and convenient trading experiences.
Stay tuned for more updates and insights on the crypto market from Extreme Investor Network, your trusted source for expert analysis and valuable information.
Image source: Shutterstock