Binance Futures has expanded its trading offerings with the launch of Margined SLERFUSDT and SCRTUSDT perpetual contracts on November 21, 2024, providing traders with new opportunities with up to 75x leverage.
Contract Details
The new contracts feature underlying assets such as SLERF (SLERF) and Secret (SCRT), with USDT (Tether) as the settlement asset. Tick size is set at 0.0001 for both contracts. Maximum leverage is up to 75x, and the funding fee is settled every four hours with a capped funding rate of +2.00% / -2.00%.
Market Reaction to Announcements
The announcement triggered a significant market response for SLERF (SLERF), whose price soared by 40% in the past 24 hours, reaching $0.4021. SLERF now boasts a market cap of $201.04 million, with a 24-hour trading volume surging by 249.10% to $298.44 million.
Significance for Traders
Binance Futures also offers the Multi-Assets Mode, allowing traders to settle trades with multiple assets. The launch of new contracts presents enhanced volatility and liquidity, marking a significant step forward in Binance's efforts to provide advanced tools for its global user base.
The launch of new perpetual contracts on Binance Futures offers traders new opportunities for diversified trading and showcases the company's commitment to strengthening its market position.
