Binance Futures has announced the launch of the FLUXUSDT perpetual contract with up to 75x leverage, available for trading starting at 10:00 AM on September 3, 2024.
FLUXUSDT Contract Features
The FLUXUSDT perpetual contract will have a maximum funding rate of +2.00% / -2.00% at launch, with funding fees paid every four hours. Binance also noted that it may adjust contract features such as funding fee, confirmation size, maximum leverage, initial margin, and maintenance margin requirements based on current market conditions.
Multi-Asset Mode
Additionally, Binance will be introducing a Multi-Asset Mode for this contract, allowing users to trade the FLUXUSDT perpetual contract using multiple margin assets such as BTC.
What is Flux (FLUX)?
Flux (FLUX) is a cloud-based decentralized computing network designed to build cross-platform scalable blockchain applications. Using its own blockchain network, Flux runs on 7 other blockchains including Ethereum (ETH) and Avalanche (AVAX).
This move by Binance Futures aims to improve the trading experience of its users by offering a wider range of trading options and more flexible margin management tools.
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