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Binance Introduces NEWTUSDT Perpetual Contract with 5x Leverage

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by Giorgi Kostiuk

15 hours ago

Binance Futures has announced the launch of the NEWTUSDT perpetual contract, which is expected to go live on June 19, 2025.

Launch of the NEWTUSDT Contract

Binance Futures, led by CEO Richard Teng, has announced the launch of the NEWTUSDT perpetual contract. This product is set to be available for pre-market trading on June 19, 2025.

Features and Opportunities

The newly introduced contract allows traders to utilize up to 5x leverage, which could significantly impact trading activity. The contract emphasizes risk mitigation and improved price discovery mechanisms.

Market Impact

The launch of the NEWTUSDT contract is expected to boost liquidity and trading volume in the NEWT and USDT markets. Increased speculative trading activity is anticipated following the introduction of this contract.

Binance's expansion into derivatives may shift the landscape of cryptocurrency exchanges and increase interest in the NEWT ecosystem.

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