Binance, a cryptocurrency exchange, announced the launch of the USDⓈ-M NTRN Perpetual Contract on its Futures platform. The contract will go live at 15:00 on November 14, 2023 and will offer up to 50x leverage.
Binance Lists NTRN Token with 50X Leverage in Futures
The NTRNUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at launch, with funding fee payment occurring every four hours.
Binance reserves the right to adjust contract specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, depending on market risk conditions.
The Multi-Asset Mode feature will allow users to buy and sell the NTRNUSDT Perpetual Contract across multiple collateral assets, subject to applicable margin deductions.
For example, when Multi-Asset Mode is enabled, users will be able to use BTC as collateral when trading on the NTRNUSDT Perpetual Contract.
It is important to note that the NTRNUSDT Perpetual Agreement is subject to the terms of the Binance Terms of Use and the Binance Futures Services Agreement.
Binance has been expanding its offerings in recent months to meet the growing demand for cryptocurrency trading. The exchange is adding new tokens, features and trading pairs to its platform to provide users with more options and trading opportunities.
*This is not investment advice.