The world's largest crypto exchange Binance continues its altcoin support statements.
Finally, Binance, which has announced for SelfKey (KEY), announced that it will launch futures with up to 20x USDT margin for KEY.
Binance said in its statement:
“Binance Futures will launch the USDT-KEY perpetual contract at 12:00 UTC on 24.05.2023 with up to 20x leverage.
From time to time, Binance may adjust the KEYUSDT Perpetual Contract's features, including confirmation size, maximum leverage, initial margin, and/or maintenance margin requirements, depending on market risk conditions.
When Multi-Asset Mode is enabled, users can use BTC as collateral when buying and selling the KEYUSDT Perpetual Contract. "
In its statement, Binance also determined details such as maximum leverage, trading limit and funding rate.
KEY, which started to rise after the Binance announcement, recorded an increase of approximately 21%. At the time of writing, KEY continues to be traded at $ 0.007311.
*Not investment advice.
