Leading cryptocurrency exchange Binance made a striking announcement for an altcoin today. The exchange announced the launch of the 20x leveraged BIGTIME perpetual contract for futures trading.
Binance took a step for Altcoin
Binance, a global cryptocurrency exchange giant, is taking steps for traders. Accordingly, it is preparing to add BIGTIME to its futures options offering up to 20 times leverage. This development provides exciting opportunities for crypto enthusiasts who want to explore BIGTIME’s potential in the futures market.
Binance will make BIGTIME available for futures trading starting at 17:30 today. This will make this service accessible to a wider range of investors. The addition of BIGTIME to Binance’s futures offers is noteworthy. On the other hand, it reflects the exchange’s determination to offer a variety of options to its users.
Adjustable features
Binance’s announcement highlights that the features of the BIGTIME/USDT Perpetual Contract may be subject to adjustments in response to market risk conditions. These possible changes include funding fee and approval size. It also covers basic elements such as maximum leverage, initial margin and maintenance margin requirements. These adjustments are consistent with Binance’s commitment to maintaining market integrity and security.
An important innovation in the BIGTIMEUSDT Perpetual Contract is the introduction of Multi-Asset Mode. This mode allows users to exchange the BIGTIMEUSDT Perpetual Contract for various collateral assets adhering to valid multiples. For example, investors are participating in trades involving the BIGTIMEUSDT Perpetual Contract. On the other hand, they can use Bitcoin (BTC) as collateral. Thus, they can increase flexibility and diversification.
Things to pay attention
It is important to note that BIGTIMEUSDT Perpetual Contract trading is subject to the terms set forth in Binance’s Terms of Use and the Binance Futures Services Agreement. Investors are also encouraged to review these terms to ensure they are compliant and knowledgeable with Binance’s regulations. At contract launch, the maximum funding rate for the BIGTIMEUSDT Perpetual Contract was set at +3.00% / -3.00%. Additionally, funding fee payments occur every four hours. It should also be noted that Binance may periodically change the features of the contract depending on market risk conditions.
When we look at Kriptokoin.com, the addition of BIGTIME to the Binance futures platform draws attention. It also represents an exciting opportunity for investors who want to explore the potential of cryptocurrency. There’s the flexibility offered by Multi-Entity Mode. On the other hand, thanks to the security of the Binance platform, investors have the tools they need to enter the futures market. While Binance offers a range of options, it also continues to work towards a seamless trading experience.
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