Alright everyone, I need you to understand this one thing about $NEWT and Binance!
Binance Futures is launching USDⓈ-Margined NEWTUSDT Perpetual Contract Pre-Market Trading.
What does that even mean?
Binance Futures: This is where we trade contracts based on future prices, not the actual coins directly.
USDⓈ-Margined: It just means we're using stablecoins (like USDT) as collateral for these trades.
NEWTUSDT Perpetual Contract: We're basically betting on the price of $NEWT against USDT, and "perpetual" means no expiry date on the contract!
Pre-Market Trading: This is the cool part! We get to trade $NEWT before it's officially listed on the main spot market. It helps figure out the price early and gets some liquidity flowing.
When's it happening? It kicks off on 2025-06-19 at 14:30 (UTC). That's today at 8 PM IST, as some of the posts mentioned!
Leverage: We can use up to 5x leverage, which means we can play with positions five times bigger than what we put in. Just remember, that can amplify both wins and losses.
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