Binance, one of the world’s largest crypto derivatives platforms, continues to expand its trading options. According to an announcement by the exchange, a new perpetual futures contract will be available to users on Binance Futures.
According to the announcement, the PRLUSDT perpetual futures contract began trading today at 13:30. The new contract will offer investors leverage of up to 20x. Perle (PRL) will be used as the underlying asset.
The Perle project is described as a platform developed on the Solana network that combines artificial intelligence with Web3 technologies. The platform aims to contribute to the training of AI models by connecting verified experts with companies and research teams.
The new contract will use Tether (USDT) as the settlement asset. The minimum transaction amount is set at 1 PRL, while the minimum transaction value is 5 USDT. The funding rate is capped between +2% and -2% and will be updated every four hours.
The PRLUSDT contract, which will be available for trading 24/7 on the platform, will also offer multi-asset trading support. Binance officials stated that the new product aims to improve user experience and provide investors with greater diversity.
Experts emphasize that highly leveraged transactions involve risks and advise investors to be cautious.
*This is not investment advice.