Binance Futures has introduced the launch of a brand new USDⓈ-margined perpetual contract for SYN, providing merchants the chance to leverage their positions by as much as 50x.
Binance Futures Launches USDⓈ Margined SYN Perpetual Contract with As much as 50x Leverage
The SYNUSDT perpetual contract will probably be out there on August 16, 2024 at 15:30.
The utmost funding fee for the brand new contract will probably be +2.00% / -2.00%, with funding charges paid each 4 hours.
Binance additionally famous that it could regulate the options of the contract, together with funding charges, tick dimension, leverage, and margin necessities, relying on market danger situations.
The platform’s Multi-Asset Mode permits customers to commerce the SYNUSDT contract utilizing a number of margin property.
This function presents flexibility, as customers can use BTC as margin for buying and selling this perpetual contract, for instance.
This launch is a part of Binance’s efforts to develop its vary of buying and selling choices and enhance the consumer expertise on its futures platform.
The launch of the SYN perpetual contract is predicted to offer buyers with a wider vary of alternatives available in the market.
*This isn’t funding recommendation.
