Binance Futures, as part of its strategy to expand trading opportunities and improve user experience, will add a new altcoin, MAVIA, with leverage of up to fifty times on February 21, 2024.
New Perpetual Contract USDⓈ-M MAVIA with Up to 50x Leverage
The platform is introducing the perpetual contract MAVIAUSDT with leverage of up to 50x, with financing rates of +2.00% / -2.00% applied every four hours after the launch of this contract.
Additionally, liquidity providers trading on leverage in USDⓈ-M can expect a 0.005% maker fee rebate on transactions executed with the MAVIAUSDT Perpetual contract for approximately 14 to 15 days, as specified in the official announcement.
Binance reserves the right to adjust the terms of the MAVIAUSDT contract in response to current market risks and conditions, including adjusting financing rates, tick size, leverage limit, minimum margin requirements, and maintenance margin requirements.
Expansion of Trading Options through Multi-Asset Mode
With the introduction of Multi-Asset Mode, users can utilize various margin assets to participate in the MAVIAUDDT perpetual contract, including specific adjustments to discounts.
An example is the ability to use BTC as margin for trading the MAVIA/UDDT perpetual contract, a new feature enabled by activating the Multi-Asset Mode.
The launch of the perpetual contract USDⓈ-M MAVIA by Binance marks an important step forward in its commitment to offering a wide range of trading opportunities for its extensive global user community, reaffirming its dedication to innovation and platform development.
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