Binance Futures Launches BSW Perpetual Contract with Up to 75x Leverage
Binance Futures has announced the launch of the BSWUSDT Perpetual Contract, allowing users to trade with up to 75x leverage. The contract was launched at 6:00 UTC today, with the underlying asset being Biswap (BSW) and the settlement asset being USDT.
BSW Price Surges Ahead of Listing
The BSW token price surged by 8% ahead of the listing, reaching $0.09 before settling at $0.08. The token has a total market cap of over $42 million.
Perpetual Contract Details
- Launch time: 6:00 UTC today
- Underlying asset: Biswap (BSW)
- Settlement asset: USDT
- Tick size: 0.00001
- Capped funding rate: +2%/-2%
- Funding fee settlement frequency: Every four hours starting at 08:00 UTC today
- Trading hours: 24/7
- Multi-Asset Mode supported
Binance Futures may adjust the specifications of the futures contract from time to time, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
What is Biswap (BSW)?
Biswap is a decentralized exchange for BEP-20 tokens on Binance Smart Chain (BSC), offering low transaction fees and a range of products and services, including a referral system, NFT marketplace, and IDO launchpad.
