Crypto NewsAltcoinBinance Futures Announces Listing of This Altcoin with 50x Leverage!

Binance Futures Announces Listing of This Altcoin with 50x Leverage!

Cryptocurrency exchange Binance shared with its users in its announcement that this altcoin will be listed in futures transactions.

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Binance Futures will list MOVR with Up to 50x Leverage. Trading will begin on December 26, 2023 at 15:30 with up to 50x leverage.

Binance Futures Offers USDⓈ-M MOVR Perpetual Contract with Up to 50x Leverage

Key Features of USDⓈ-M MOVR Perpetual Contract:

Launch Details:

The USDⓈ-M MOVR Perpetual Contract is scheduled to launch on December 26, 2023.

Traders can benefit from up to 50x leverage, providing greater flexibility and potential returns.

Funding Rate:

At launch, the maximum funding rate for the MOVRUSDT Perpetual Contract was set at +2.00% / -2.00%.

Funding fee payments will occur every four hours, contributing to a transparent and efficient trading environment.

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Incentives for Liquidity Providers:

Qualifying USDⓢ margin futures liquidity providers are eligible for a 0.005% maker fee discount for trades on the MOVRUSDT Perpetual Contract.

This discount offer is valid for approximately 14 to 15 days from the launch of the contract.

Risk Management and Flexibility:

Binance reserves the right to adjust contract specifications depending on market risk conditions. This includes factors such as funding fees, tick size, maximum leverage, initial margin and maintenance margin requirements.

*This is not investment advice.

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