Binance Futures announced the listing of a new USDT-margined BSWUSDT perpetual futures contract, expanding trading options for investors. Futures trading will start today.
Details of BSW Perpetual Futures
The new contract will open for trading on September 5, 2024, at 09:00 AM TSI, allowing users to trade with leverage using BSW (BSW) as the underlying asset and USDT for settlement. The BSWUSDT perpetual futures contract will have a tick size of 0.00001 and a limited funding rate ranging from +2.00% to -2.00%. The maximum leverage of 75x provides significant flexibility for investors but also increases the potential risk of loss. A notable feature of the BSWUSDT perpetual futures contract is support for Multi-Asset Mode, permitting users to trade the contract with multiple margin assets, such as Bitcoin (BTC) as collateral.
BSW Price Surged
The announcement of Binance Futures launching futures for BSW caused the price of the altcoin to surge sharply. According to CoinMarketCap data, BSW’s price rose by over 20%, reaching $0.09544 and trading at $0.0939 at the time of writing, after a slight pullback. The trading volume of BSW also increased significantly, surging by 19.02% to reach 25 million dollars.
The launch of the new BSWUSDT perpetual futures contract on Binance Futures offers investors new trading opportunities with high leverage, but they should be cautious considering the potential risks.
Comments