Binance will launch the perpetual BIOUSDC U contract on August 25 with a maximum leverage of 75 times.
This contract will be traded on Binance's contract platform, opening at 2:15 AM Vietnam time on the same day, to meet the diverse financial product needs of investors.
MAIN CONTENT
Binance announced the launch of the perpetual BIOUSDC U contract on August 25.
The contract launch time is 2:15 AM Vietnam time.
The maximum leverage set is 75 times.
When will Binance launch the BIOUSDC U contract?
Binance officially announced the launch time of the perpetual BIOUSDC U contract is 3:15 PM Eastern Time on August 25, equivalent to 2:15 AM on August 26 in Vietnam time.
Choosing this timing facilitates access to the global market as Binance aims to provide more trading options for customers right in the bustling month-end period.
What is notable about the leverage of the BIOUSDC U contract?
The maximum leverage of the BIOUSDC U contract is set by Binance up to 75 times, expanding trading power for experienced investors with appropriate risk management strategies.
High leverage helps increase potential profits but also carries significant risks; therefore, Binance recommends using this tool only when users are knowledgeable about the techniques and the cryptocurrency market.
The significance of the BIOUSDC U contract launch for the cryptocurrency market
The addition of the BIOUSDC U contract to Binance's diverse product portfolio is considered a strategic move to attract professional investors and meet the rich demand for derivative trading.
In addition, the platform provides flexible financial solutions that give users more options in portfolio management, stimulate development, and enhance liquidity for the cryptocurrency market.
Frequently Asked Questions
What is Binance's BIOUSDC U contract?
This is a perpetual contract based on USDC with a maximum leverage of 75 times, allowing flexible derivative trading on the Binance platform.
When will this contract officially start trading?
The contract starts trading at 2:15 AM Vietnam time on August 26.
Is the leverage level of this contract suitable for beginners?
75 times leverage is suitable for experienced investors; beginners should be cautious when using it.
What benefits does this contract launch bring to users?
Users have more suitable trading tools, diversify their portfolios, and leverage opportunities in the derivative market.
Does Binance have any recommendations when using high leverage?
Binance advises users to understand risks and skills before trading with high leverage.
Source: https://tintucbitcoin.com/binance-futures-ra-mat-hop-dong-biousdc/
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