Cryptocurrency exchange Binance has also listed the altcoin ORDI, which it announced today in spot transactions, in futures transactions.
Binance Futures Introduces ORDI Perpetual Contract with 50x Leverage
Binance Futures will introduce the USDⓈ-M ORDI Perpetual Contract to investors on November 7, 2023 at 15:30, offering investors the opportunity to increase their positions by up to 50x.
Here are the key details of the USDⓈ-M ORDI Perpetual Contract:
Maximum Funding Rate: The ORDIUSDT Perpetual Contract will have a +2.00% funding rate cap and a -2.00% floor rate at launch.
Funding Fee Settlement Frequency: Payment of funding fees will occur every four hours.
Binance reserves the right to make adjustments to various parameters of the ORDIUSDT Perpetual Contract depending on evolving market conditions.
*This is not investment advice.