đđBinance Announces LOKAUSDT Contract with 75x Leverage đđ
Binance Futures has announced that it will launch a new LOKAUSDT Futures Contract starting at 11:30 AM (UTC) on September 24, 2024. The move is part of Binanceâs goal to expand trading options and enhance user experience. Offering up to 75x leverage, the LOKAUSDT Futures Contract allows traders to maximize their positions. The underlying asset of the contract is League of Kingdoms Arena (LOKA), while USDT serves as the swap asset. Funding fees are charged every four hours, while a tick size of 0.00001 ensures transaction precision.
Funding Rates and Leverage
The contract allows traders to protect their assets against extreme funding fluctuations thanks to a funding rate capped at +2.00% / -2.00%. While Binance recommends caution regarding the risks involved, the maximum leverage of up to 75x offers experienced traders the opportunity to increase their potential returns.
Multi-Asset Support
This contract stands out with Binanceâs Multi-Asset Mode support. Traders can use various collateral assets such as Bitcoin (BTC) as LOKAUSDT collateral, which improves trading strategies and increases capital efficiency.
My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who has not yet followed me, I would be happy if they did. Please do not forget to like my articles and posts. Thank you.
