Market News 🔴 Binance Futures Launches Three New Perpetual Contracts with Up to 75x Leverage”#Binance

Binance Futures has announced the launch of three new USD-denominated perpetual contracts on COOKIEUSDT, ALCHUSDT, and SWARMSUSDT tokens, with the possibility of using leverage of up to 75x. These contracts will be settled using Tether (USDT) as the settlement asset, and can be traded 24/7.

The new contracts support multi-asset placement, allowing traders to use assets such as BTC as margin, providing greater trading flexibility. The funding rates for the contracts can also be changed by a maximum of 2.00% every four hours, with minimum moves at 0.0001 for COOKIE and SWARMS tokens, and 0.00001 for ALCH tokens.

Binance stressed that these contracts do not mean that the tokens will be listed on the spot market, and stressed that the criteria may change depending on market conditions to ensure better risk management.$BNB