Binance to Launch CYBER Futures with Up to 20x Leverage
Binance Futures
The cryptocurrency derivatives trading platform of Binance, announced today that it will launch CYBER futures contracts on August 21, 2023. The contracts will be settled in USDⓈ and will offer up to 20x leverage.
CYBER is a Web3 social network that enables developers to create social applications. It is built on the Solana blockchain and uses a proof-of-stake consensus mechanism.
The launch of CYBER futures on Binance Futures will provide traders with a new way to speculate on the price of CYBER and hedge their positions. The high leverage offered by the contracts will allow traders to amplify their profits or losses.
To trade CYBER futures on Binance Futures, users will need to create a Binance account and deposit USDⓈ. They can then place orders to buy or sell CYBER futures contracts.
The launch of CYBER futures is a significant development for the CYBER ecosystem. It will allow traders to gain more exposure to the project and help to increase liquidity in the market.
Here are some of the key things to know about the Binance CYBER futures contracts:
The contracts will be settled in USDⓈ.
They will offer up to 20x leverage.
The contract price will be based on the spot price of CYBER on Binance.
The contracts will be available for trading 24/7.
There will be a maker-taker fee schedule.
The launch of CYBER futures on Binance Futures is a positive development for the project. It will provide traders with a new way to speculate on the price of CYBER and hedge their positions. The high leverage offered by the contracts will allow traders to amplify their profits or losses.
If you are interested in trading CYBER futures, you can learn more about them on the Binance Futures website.
Risk Warning:
Futures trading is a high-risk activity and you should only trade with funds that you can afford to lose. You should carefully consider your investment objectives, experience level, and risk tolerance before making any investment decisions.
