Binance Futures continues to expand the range of derivative products it offers to its users. According to a statement from the exchange, it will launch USDⓈmargin RAVEUSDT perpetual futures contracts for RaveDAO (RAVE).
The new contract will be available on the Binance Futures platform from 6:30pm, offering investors up to 40x leverage.
Binance said the measures are aimed at improving users’ trading experience and increasing options for risk management and strategies for various projects.
RAVEUSDT perpetual futures contracts use USDT as the settlement currency. The minimum price increment for the contract is set to 0.00001, and the upper and lower funding rate limits are +2% / -2%. Funding fees are collected every 4 hours.
This contract will be available for trading 24 hours a day, 365 days a year. Binance’s multi-asset mode is also supported, allowing users to open positions using different collateral assets.
RaveDAO, the organization behind the RAVE token, describes itself as a global community dedicated to connecting music, technology, and social purpose. The project is distinguished by its structure, which aims to combine the creative economy and blockchain technology.
As usual, Binance emphasized that all technical processes will be handled by the platform, but warned investors that leveraged trading involves high risks. The new product is expected to increase interest in the RAVE ecosystem and market liquidity.
*This is not investment advice.
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