The Binance contract exchange is preparing to open trading for the perpetual contract WLFIUSDT in the pre-market session.
On August 23, Binance announced the launch of the perpetual contract WLFIUSDT with a maximum leverage of up to 5 times, starting from 4:30 PM Eastern Time (equivalent to 3:30 AM Vietnam time on August 24).
MAIN CONTENT
Binance opened trading for the perpetual contract WLFIUSDT on August 24 in Vietnam time.
The pre-market trading session starts at 3:30 AM Vietnam time.
The maximum leverage for this contract is 5 times to support diverse investment strategies.
When will Binance open trading for the perpetual contract WLFIUSDT?
Binance officially announced at 4:30 PM Eastern Time on August 23, equivalent to 3:30 AM on August 24 Vietnam time, it will start allowing trading of the perpetual contract WLFIUSDT in the form of a pre-market session.
The opening of the pre-market session allows investors to prepare and place orders early before entering the official market, thereby enhancing liquidity and opportunities for diverse trading. This is an important development step for Binance to expand its cryptocurrency contract product portfolio.
What is the maximum leverage allowed on the WLFIUSDT contract?
The perpetual contract WLFIUSDT on Binance will allow leverage up to 5 times. This parameter not only facilitates the increase of potential profits but also limits excessive risk for investors when trading on the contract platform.
A 5x leverage is the industry average, suitable for most trading strategies to control risks more effectively compared to higher leverage contracts, allowing users to trade more flexibly in the context of complex cryptocurrency market fluctuations.
What does the pre-market session mean for investors on Binance?
The pre-market trading session is the time allowed for investors to place orders before the official market opens for trading the WLFIUSDT contract, starting at 3:30 AM Vietnam time.
This enhances the order placement experience, minimizes risks during unusual price fluctuations when the market opens, and facilitates investment strategy planning, especially in leveraged contract products.
Frequently Asked Questions
When does trading for the perpetual contract WLFIUSDT start in Vietnam time?
Starting at 3:30 AM on August 24, corresponding to Binance's pre-market session.
What is the maximum leverage applicable to WLFIUSDT?
The maximum allowed leverage is 5 times for this contract.
What benefits does the pre-market session provide for users?
The pre-market session allows for early order placement, increases liquidity, and reduces price volatility risk when the official trading hours begin.
Does Binance frequently open new contracts?
Binance continuously updates new products to diversify options for investors based on the developments in the cryptocurrency market.
Is a leverage of 5 times suitable for new investors?
A leverage of 5 times is considered moderate, suitable for both new investors who think cautiously about risks.
Source: https://tintucbitcoin.com/binance-futures-mo-giao-dich-wlfiusdt/
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