Popular derivatives trading platform Binance Futures is preparing to launch the USDⓈ-M COMBO perpetual contract with up to 20x leverage.
Cryptocurrency Exchange Binance Launches USDⓈ-M COMBO Contract with Up to 20x Leverage
The new contract is scheduled to be available for trading from 2023-06-02 15:00, offering investors more flexibility and potential profit opportunities.
The USDⓈ-M COMBO perpetual contract is designed to track the performance of a basket of specific cryptocurrencies and allows investors to gain exposure to multiple digital assets through a single contract.
This innovative offering provides diversification benefits, allowing traders to manage their positions in various cryptocurrencies in a single product.
One of the key advantages of trading perpetual contracts is the availability of leverage, which increases trading positions and potential returns.
Binance Futures' leverage of up to 20x on the USDⓈ-M COMBO perpetual contract allows traders to optimize their trading strategies and potentially earn higher profits with a smaller initial capital investment.
Leveraged trading involves borrowing funds to increase trading position sizes, magnifying both potential gains and losses.
While leverage can increase profits, traders should be careful and make sure they fully understand the risks involved before using high leverage ratios.
It is recommended to use risk management strategies such as stop loss orders and appropriate position sizing to reduce potential losses.
*Not investment advice.
