Binance Futures Launches USDC-Margined CRV Perpetual Contract With Up to 25x Leverage

Binance
Futures
has
unveiled
the
launch
of
a
new
USDC-margined
CRV
perpetual
contract,
offering
traders
up
to
25x
leverage.
The
announcement
was
made
on
July
1,
2024,
and
the
new
trading
option
will
be
available
from
July
4,
2024,
at
07:00
(UTC),
according
to
Binance.

Enhanced
Trading
Options

The
introduction
of
the
CRVUSDC
perpetual
contract
aims
to
expand
the
list
of
trading
choices
available
on
Binance
Futures,
thereby
enhancing
the
trading
experience
for
its
users.
The
addition
of
this
contract
allows
traders
to
leverage
their
positions
significantly,
up
to
25
times
their
initial
margin.

Key
Details

Binance
has
advised
that
the
specifications
of
the
CRVUSDC
perpetual
contract,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
risk
conditions.
This
dynamic
adjustment
aims
to
ensure
a
balanced
and
secure
trading
environment.

Furthermore,
the
Multi-Assets
Mode
feature
will
be
applicable
to
these
contracts.
This
feature
enables
users
to
trade
across
multiple
margin
assets,
with
applicable
haircuts.
For
example,
traders
can
use
BTC
as
margin
when
trading
these
perpetual
contracts
when
the
Multi-Assets
Mode
is
activated.

Risk
Management
and
Compliance

The
CRVUSDC
perpetual
contracts
are
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Binance
also
highlighted
that
there
might
be
discrepancies
in
the
translated
versions
of
the
announcement
and
recommended
referring
to
the
original
English
version
for
the
most
accurate
information.

Binance
emphasizes
the
high
market
risk
and
price
volatility
associated
with
futures
trading.
Traders
are
advised
to
make
independent
assessments
of
the
transaction
appropriateness
considering
their
own
objectives
and
circumstances,
and
to
consult
with
advisers
where
necessary.
The
platform
also
provides
resources
on
responsible
trading
to
help
users
manage
risks
effectively.

For
more
details,
the
official
announcement
can
be
accessed
on

Binance.

Conclusion

With
the
launch
of
the
USDC-margined
CRV
perpetual
contract,
Binance
Futures
continues
to
diversify
its
offerings,
providing
traders
with
more
opportunities
to
engage
in
the
cryptocurrency
market.
As
always,
users
are
encouraged
to
trade
responsibly
and
stay
informed
about
the
risks
involved.

Image
source:
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