Binance's futures arm, Binance Futures, will launch USDT-margined FLUX futures today at 10:00 AM UTC. This move aims to diversify the trading options available on the platform and provide an enhanced trading experience for users.
Details of the FLUXUSDT Futures Contract
The new perpetual futures contract is based on FLUX (FLUX) as the underlying asset and will be settled in USDT. Key features include a tick size of 0.0001, a funding rate capped at +/- 2.00%, and a funding fee payment frequency set every four hours. Trading for the FLUXUSDT perpetual contract will be available 24/7 and will support multi-asset mode, offering investors the flexibility to manage their assets more efficiently. Binance Futures emphasized that the maximum funding rate for the FLUXUSDT perpetual futures contract will be capped at +/- 2.00% during the launch. This cap is a standard practice to ensure a balanced trading environment and to reduce excessive funding rate fluctuations that could impact investors’ positions. The funding fee, applicable to all open positions, will be paid every four hours in line with standard practices for perpetual futures. The move to introduce the FLUX futures contract is part of Binance’s efforts to expand its offerings and cater to a broader range of trading preferences. By offering the high-leverage FLUXUSDT perpetual futures contract, Binance Futures continues to position itself as a leading platform for cryptocurrency derivatives trading, appealing to both experienced investors and those looking to explore leveraged trading opportunities in the cryptocurrency market.
FLUX Price Soars
Following Binance’s announcement, the price of FLUX surged over 30%, reaching up to $0.7149. The altcoin was trading around $0.55 before the exchange’s announcement.
The launch of USDT-margined FLUX futures by Binance Futures marked a significant event for the cryptocurrency market. The offering allows investors to better manage their assets and explore high-leverage trading opportunities.
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