The world's largest cryptocurrency exchange, #Binance , has announced the addition of a new altcoin to its cryptocurrency trading platform.
According to the exchange, Binance's changes made on Tuesday, May 20, Alaya continues to trade Tether (USDT) margined perpetual futures contracts with a maximum leverage of 50x for Governance Token (#AGT ).
The AGTUSDT contract will open for trading at 10:30 UTC time (UTC). Alaya is introduced as an open and potential data infrastructure network that combines distributed data segments with Web3 AI networks by blending artificial intelligence (AI) training and automated data processing processes with blockchain technology and gamification.
Binance stated that the funding rates initially increase between -%2.00 and +%2.00 and will be updated every 4 matches. However, it was emphasized that changes in funding rates, maximum leverage rate and transaction limits may be made depending on market conditions.
Binance also announced the Multi-Asset Mode feature of the futures contracts in question. With this feature, users will be able to trade with different collateral assets such as Bitcoin in contracts.
Binance stated that the conversion of the AGTUSDT contract to the standard continuous futures transaction process will be realized by listing the relevant asset of the spot abundance and that this conversion will not be announced separately. It was also emphasized that the instant price will be updated every second according to the last 10-second transaction rates during the pre-market transaction period.
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