Binance Futures, the derivatives arm of the world’s largest crypto alternate, has introduced the upcoming launch of a brand new USDⓈ-margined OGUSDT Perpetual Contract, additional increasing its vary of buying and selling merchandise.
Binance Futures to Launch OGUSDT Perpetual Contract with As much as 50x Leverage on Could 12
In keeping with Binance’s official announcement, the brand new perpetual contract will go stay on Could 12 at 12:00 UTC and can enable merchants to commerce their positions with as much as 50x leverage.
The OGUSDT pair is pegged to the OG Fan Token, a preferred fan-based digital asset, and will likely be exchanged for USDT, making it accessible to a variety of retail {and professional} traders.
Essential Particulars:
- Launch Date: Could 12, 2025, 12:00
- Leverage: as much as 50x
- Margin Sort: USDⓈ Margined
- Financing Price Restrict: ±2.00
- Finance Price Fee: Each 4 hours
- Availability in Copy Buying and selling: Inside 24 hours after launch
The contract can even be made eligible for the Futures Copy characteristic, which permits customers to repeat the methods of the best-performing merchants on the platform.
Binance emphasised that the funding charge for the OGUSDT contract will likely be capped at ±2.00% and funding charges will likely be paid each 4 hours, consistent with the platform’s normal practices for brand spanking new listings.
This launch displays Binance’s ongoing efforts to diversify its derivatives providing and meet the rising demand for buying and selling pairs associated to fan tokens, which have seen renewed curiosity amid rising interplay between sports activities golf equipment and blockchain ecosystems.
*This isn’t funding recommendation.
