#Binance announced on Friday, May 30 that it has added a new altcoin called #hype (HYPE) to its futures platform. With this development, investors will be able to trade using a maximum leverage of 75x on the HYPEUSDT perpetual futures contract.
Highlights:
📅 Trading Start Time: May 30 UTC 10:30
📈 Contract Type: USDT margined perpetual futures contract
💰 Leverage: Maximum 75x
🔄 Funding Rate: Initially between -2.00% and +2.00%; updated every 4 hours
🔄 Multi-Assets Mode: Users can trade using different collateral assets such as Bitcoin (BTC)
What is HYPE?
HYPE is a blockchain project that aims to improve the performance of decentralized finance (DeFi) applications. The project is built on the Hyperliquid platform, which provides high efficiency.
Current Price (Data from CoinGecko):
💸 HYPE Price: 32.78 USD
📉 24-Hour Change: -5.8%
This development is seen as part of Binance’s strategy to offer its users a wider range of investment options. However, it is important to remember that high leverage transactions carry high risk and can lead to large losses, especially in volatile market conditions. It is important for investors to be careful.