Today Binance Futures announced the launch of the BSWUSDT perpetual contract with up to 75x leverage.
BSWUSDT Perpetual Contract Details
Binance Futures launched the BSWUSDT perpetual contract today at 6:00 (UTC). The underlying asset is Biswap (BSW), and the settlement asset is USDT. The tick size is 0.00001. The capped funding rate is +2%/-2%, with the funding fee settlement frequency every four hours starting at 08:00 (UTC) today. Trading is available 24/7. Multi-Asset Mode is supported. More details can be found in the official announcement.
What is Biswap (BSW)
Biswap (BSW) is a decentralized exchange for BEP-20 tokens on Binance Smart Chain (BSC). The Biswap team promises the lowest transaction fees among all BSC exchanges, at 0.1%, and is committed to innovation in DeFi through its high-quality products and services. Biswap's core products include standard DEX functions: AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. Biswap's roadmap includes listing on major exchanges, improvements in its NFT marketplace, cross-chain support, limit orders, lending, and borrowing, and a personal user dashboard. Ahead of the listing of the BSW perpetual contract by Binance Futures, the BSW token surged significantly, currently trading at $0.08, up by 8%.
The launch of the BSWUSDT perpetual contract on Binance Futures provides traders with new opportunities to trade with leverage up to 75x.
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