In a transfer to broaden buying and selling selections for its customers, Binance has formally unveiled the SANTOSUSDT perpetual futures contract, related to the Santos FC Fan Token (SANTOS). This vital launch permits merchants to make the most of leverage ratios of as much as 75 instances, enhancing their buying and selling capabilities.
Contents conceal
1 What Are the Key Options of the New Contract?
2 How Does the Funding Price Perform?
What Are the Key Options of the New Contract?
The SANTOSUSDT futures contract is designed to seize the curiosity of crypto merchants with a deal with sports activities. Customers can commerce SANTOS utilizing USDT as collateral, which is steady and pegged to the US greenback.
How Does the Funding Price Perform?
The contract stipulates a minimal worth fluctuation of 0.001, with a most funding price oscillating between +2.00% and -2.00%. This association ensures that merchants are charged a funding price each 4 hours, thereby permitting for environment friendly danger administration in unstable situations.
Enhancing flexibility, the SANTOSUSDT contract helps “Multi-Belongings Mode.” This function permits merchants to leverage a number of cryptocurrencies, together with Bitcoin (BTC), for margin necessities. Such an method supplies higher buying and selling options and helps mitigate dangers related to market fluctuations.
- The SANTOSUSDT futures contract helps as much as 75x leverage.
- Worth actions begin at 0.001, with a funding price charged each 4 hours.
- Merchants can make the most of numerous cryptocurrencies for collateral.
Following the announcement of this new buying and selling choice, the worth of the SANTOS coin skyrocketed by 42.12%, reaching $4.74. Concurrently, buying and selling volumes surged by 55.15%, totaling roughly $26.89 million, demonstrating robust market curiosity and engagement.
