BINANCE UNLEASHES BANK/USDT PERPETUAL CONTRACT WITH 50x LEVERAGE!
Binance has announced the launch of the BANK/USDT perpetual contract with 50x leverage, set to go live on April 18th at 18:30 UTC. This new derivative offers traders amplified potential profits and losses, allowing them to control larger positions with a smaller amount of capital.
Key Features:
Contract Name:BANK/USDT Perpetual
Launch Date:April 18, 2024 (today)
Launch Time:18:30 UTC
Quote Asset: USDT (Tether)
Maximum Leverage:50x
Margin Mode:Multi-Asset Mode Supported
Copy Trading: Available within 24 hours of launch
What to Expect:
Perpetual Contract:No expiry date, allowing traders to hold positions indefinitely
Multi-Asset Mode:Use various cryptocurrencies as margin for BANK/USDT positions
Futures Copy Trading:Automatically copy trades of experienced traders
High Leverage:50x leverage amplifies potential profits and losses
Trading Opportunities:
Hedging:Offset potential losses in spot holdings during market downturns
Portfolio Diversification: Explore opportunities beyond spot trading
Accessibility: User-friendly interface and robust trading infrastructure#BinanceAlphaAlert #BinanceAlphaAlert #BinanceLaunchpoolINIT
