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💥😮News flash! Binance Made This Decision Regarding Newly Listed Altcoin ACE

Cryptocurrency exchange Binance listed ACE Coin today at 09:00.
After the listing, Binance made an important decision.
Accordingly, it will also list the cryptocurrency on futures transactions.
In an exciting development for crypto investors, Binance Futures is preparing to launch the USDⓈ-M ACE Perpetual Contract, which offers leverage up to 50x, at 13:00 on December 18, 2023. This addition to the Binance Futures portfolio provides new opportunities for users to trade by reconciling in USDT with Fusionist (ACE) as the underlying asset.

Launch Time: December 18, 2023, 13:00
Mainstay Entity: Fusionist (ACE)
Settlement Asset: USDT
Teak Size: 0.0001
Restricted Funding Rate: +2.00 Percent / -2.00 Percent%
Frequency of Funding Fee Settlement: Every Four Hours
Maximum Leverage: 50x
Trading Hours: 7/24
Multi-Presence Mode: Supported.
Binance stressed that it is very important for investors to know that the ACEUSDT Perpetual Contract comes with a capped funding rate of +2.00% / - 2.00% at the time of launch. Paying the funding fee takes place every four hours, providing transparency and regular adjustments.

Special Incentives for Liquidity Providers
Qualified USDⓢ margin futures liquidity providers will benefit from a 0.005 percent constructor fee discount for transactions on the ACEUSDT Continuous Contract for approximately 14 to 15 days.

Investors should also keep in mind that Binance may make adjustments to the contract specifications depending on market risk conditions. These changes may include the funding fee, teak size, maximum leverage, initial collateral and/or maintenance collateral requirements. ACE Coin is trading at the level of $ 14.50 at the time of writing.
#ACE #Binance #BTC

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