Binance Futures, as part of its strategy to expand trading opportunities and improve user experience, will add a new altcoin, MAVIA, with up to fifty times leverage on February 21, 2024.
New MAVIA USDⓈ-M perpetual contract with up to 50x leverage
The platform introduces the MAVIAUSDT perpetual contract with up to 50x leverage, with funding rates of +2.00% / -2.00% applied every four hours after the launch of this contract.
Additionally, liquidity providers trading with leverage in USDⓈ-M can expect a 0.005% maker fee rebate on trades executed with the MAVIAUSDT perpetual contract for approximately 14-15 days, as specified in the official announcement.
Binance reserves the right to adjust the terms of the MAVIAUSDT contract in response to current market risks and conditions, including adjusting funding rates, tick sizes, leverage limit, requirements minimum margin and maintenance margin requirements.
Expansion of trading options via multi-asset mode
With the introduction of multi-asset mode, users can use various margined assets to participate in the MAVIAUDDT perpetual contract, including specific rebate adjustments.
One example is the ability to use BTC as margin to trade the MAVIA/UDDT perpetual contract, a new feature enabled by enabling multi-asset mode.
The launch of the USDⓈ-M MAVIA perpetual contract by Binance marks an important milestone in its commitment to providing a wide range of trading opportunities to its vast global community of users, reaffirming its dedication to innovation and platform development.
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