Binance Futures continues to develop the vary of by-product merchandise it affords to its customers. In keeping with a press release from the alternate, it is going to launch USDⓈmargin RAVEUSDT perpetual futures contracts for RaveDAO (RAVE).
The brand new contract can be accessible on the Binance Futures platform from 6:30pm, providing traders as much as 40x leverage.
Binance mentioned the measures are geared toward enhancing customers’ buying and selling expertise and growing choices for danger administration and techniques for varied initiatives.
RAVEUSDT perpetual futures contracts use USDT because the settlement forex. The minimal value increment for the contract is about to 0.00001, and the higher and decrease funding fee limits are +2% / -2%. Funding charges are collected each 4 hours.
This contract can be accessible for buying and selling 24 hours a day, three hundred and sixty five days a yr. Binance’s multi-asset mode can also be supported, permitting customers to open positions utilizing totally different collateral property.
RaveDAO, the group behind the RAVE token, describes itself as a world neighborhood devoted to connecting music, expertise, and social goal. The mission is distinguished by its construction, which goals to mix the inventive economic system and blockchain expertise.
As typical, Binance emphasised that each one technical processes can be dealt with by the platform, however warned traders that leveraged buying and selling entails excessive dangers. The brand new product is anticipated to extend curiosity within the RAVE ecosystem and market liquidity.
*This isn’t funding recommendation.
