Launch of Perpetual Contract DEEPUSDT
Binance has announced that starting from April 22, 2025, it will launch a new perpetual contract called DEEPUSDT. This contract allows traders to speculate on the price of the cryptocurrency DEEP in relation to USDT (Tether), a widely used stablecoin.
Users will be able to trade with leverage of up to 50x. This means they can control a significantly larger position than their initial investment, which can increase both profits and losses.
This type of perpetual contract is popular among experienced traders, as it offers the opportunity to benefit from price movements in the crypto market, which are often volatile.
Traders can use various strategies, such as "long" (betting that the price will rise) or "short" (betting that the price will fall), depending on their analysis of the market.
This launch is good news for traders on Binance, as it provides them with more options to diversify their investments and take advantage of market trends.
