Binance Introduces 50x Leverage for NTRN Token in Futures Trading. š°
Binance recently announced the launch of the USDā-M NTRN perpetual contract on its Futures platform.
The contract, set to go live on November 14, 2023, at 15:00, will offer up to 50x leverage.
The NTRNUSDT perpetual contract will have a maximum funding rate of +%2.00/-%2.00 during the launch, with funding fee payments occurring every four hours.
Binance reserves the right to adjust contract features, including funding fees, confirmation size, maximum leverage, initial margin, and maintenance margin requirements, based on market risk conditions.
The Multi-Asset Mode feature enables users to trade the NTRNUSDT perpetual contract using multiple collateral assets, allowing flexibility in trading strategies.
When Multi-Asset Mode is activated, users can use assets like BTC as collateral while trading the NTRNUSDT perpetual contract.
It's crucial to note that the NTRNUSDT perpetual contract is subject to Binance's Terms of Use and Binance Futures Services Agreement.
Binance has been expanding its offerings to meet the growing demand in the cryptocurrency trading space, introducing new tokens, features, and trading pairs to provide users with more options and trading opportunities.
This update is not financial advice; users are encouraged to conduct their own research before making investment decisions.
