Binance continues to expand the list of trading choices on Binance Futures by launching a new FLUXUSDT Perpetual Contract with up to 75x leverage.
Key Details About the FLUXUSDT Perpetual Contract
Binance Futures will launch the FLUXUSDT Perpetual Contract at 07:00 (UTC) with up to 75x leverage. According to the official announcement from Binance, key features of the FLUXUSDT contract include: * Underlying asset: Flux (FLUX). * Settlement asset: USDT. * Tick size: 0.0001. * Capped funding rate: +2%/-2%. * Funding fee settlement frequency: every four hours, starting from 08:00 (UTC). * Trading hours: 24/7. * Multi-Asset Mode support. Binance may adjust the contract specifications based on market risk conditions. These specifications include: * Funding fee * Tick size * Maximum leverage * Initial margin * Maintenance margin requirements Multi-Asset Mode allows users to trade the Perpetual Contract using multiple margin assets. For instance, when the Multi-Asset Mode is activated, users can use BTC as margin when trading the FLUXUSDT contract. This contract is subject to Binance Terms of Use and the Binance Futures Service Agreement.
What is Flux (FLUX)?
The Flux ecosystem empowers everyone to develop, deploy, and use the decentralized Internet of the Future – Web3. The Flux ecosystem consists of the following elements: * A native, minable POW crypto, FLUX * A powerful decentralized computational network, Flux Network (FluxNodes) * A Linux-based OS, FluxOS * The premier digital asset platform, Zelcore * The Flux blockchain used for on-chain governance, economics, and parallel assets to offer interoperability with other blockchains and DeFi access. The FLUX token has a variety of uses, including: * Purchasing resources * Collateralizing nodes * Fueling transactions on FluxOS * Rewarding miners and FluxNode operators for providing computational resources
The launch of the new FLUXUSDT Perpetual Contract on Binance Futures provides users with more trading options and uses of the platform's capabilities. The contract's attractive terms, such as up to 75x leverage and Multi-Asset Mode support, make it a compelling choice for traders.
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