Cryptocurrency exchange Binance on Wednesday announced the launch of its Football Fan Token Index perpetual contracts.
USDT.
USDT, also known as Tether, is a cryptocurrency that is pegged to the US dollar at a 1:1 ratio.
The company said that the Binance Football Fan Token Index perpetual contracts are now available 24/7 trading hours, with up to 25 times leverage, and with settlement assets as USDT on the exchange’s derivatives market.
Binance said that based on market risk conditions, it may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Today, the company has launched its USDC perpetual contracts for its fan token index – a new product that allows users to trade using their USDC balance on the Binance derivatives market.
Binance’s new USDC perpetual contract allows customers to use USDC as collateral and place long or short contracts with up to 25x leverage and no...
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