Binance, the leading global crypto exchange, has announced the launch of new perpetual contracts ZRC/USDT and ESPORTS/USDT, set to go live on July 29. These contracts offer traders opportunities with leverage up to 50x.
What Are Binance Perpetual Contracts?
Perpetual contracts differ from traditional futures contracts in that they have no fixed expiry date. This allows traders to hold positions indefinitely as long as they meet margin requirements. Key characteristics include:
- No expiry date.
- Funding rate mechanism that helps keep the contract price aligned with the spot price.
- Leverage options.
- High liquidity.
Introducing ZRC/USDT and ESPORTS/USDT
The ZRC/USDT and ESPORTS/USDT contracts are scheduled to launch on July 29 at 09:45 UTC and 10:00 UTC, respectively, with up to 50x leverage. These contracts are aimed at tapping into new high-growth sectors such as blockchain innovations and gaming. This indicates the potential for significant technological advancements and an increasing interest in blockchain-based games.
Risk Management in Trading
Trading with high leverage requires careful risk management. Key advice for traders includes:
- Start with smaller positions.
- Use stop-loss orders to limit losses.
- Know your liquidation price.
- Manage position sizing wisely.
- Maintain sufficient margin levels.
- Continuously educate yourself on market trends.
The launch of ZRC/USDT and ESPORTS/USDT perpetual contracts on Binance is a significant event for the cryptocurrency market. This innovation opens new opportunities for traders, but it's essential to approach these with an understanding of risks and thorough planning.
