Leading cryptocurrency exchange Binance has announced the launch of the USDⓈ-M WLD perpetual contract with up to 20x leverage.
Worldcoin (WLD), which is listed on Binance spot transactions today, is currently trading at $ 2.5, although it rose as high as $ 5.
The listing will go live on July 24, 2023 at 15:00 (12:00 UTC).
WLD to be Listed on Binance Margin Trades
The USDⓈ-M WLD perpetual contract will allow investors to leverage up to 20x leverage, allowing them to increase their potential profits and gain exposure to market movements.
Traders will have the flexibility to enter both long and short positions on the WLDUSDT contract depending on their market outlook.
Details about the contract such as tick size, maximum leverage, initial margin and maintenance margin requirements can be found in the table provided by Binance.
It should be noted that these features may be subject to adjustments based on market risk conditions.
One of the key features of the WLDUSDT perpetual contract is the Multi Asset Mode, which allows users to trade the contract using multiple margin assets.
This means that traders can use assets such as BTC as collateral when trading with the WLDUSDT contract, offering greater flexibility and diversity in their trading strategies.
As with all Binance products, the WLDUSDT perpetual contract will be subject to the terms set forth in the Binance Terms of Use and Binance Futures Service Agreement.
Traders are advised to review these contracts to ensure compliance with the platform's rules and regulations.
It is not investment advice.