Binance Futures Lists Two New Altcoins with 50x Leverage

Binance Futures, a leading cryptocurrency trading platform, is preparing to offer highly leveraged perpetual contracts for STPT and WAXP.

Binance Futures Introduces High Leverage Perpetual Contracts for STPT and WAXP

These contracts are scheduled to be released on October 18, 2023, at 17:30 and 17:45, respectively. Investors will have the opportunity to use up to 50x leverage for these offers.

STPTUSDT and WAXPUSDT Perpetual Contracts will have a maximum funding rate of +2.00% / -2.00% at launch. Funding fees will be paid at regular intervals every four hours, ensuring a fair and transparent trading environment.

Binance maintains the flexibility to make adjustments to the features of these contracts in response to changing market conditions. These changes may include funding fees, confirmation size, maximum leverage, initial margin, and maintenance margin requirements.

Additionally, the introduction of Multi-Asset Mode enables users to trade these contracts across a variety of collateral assets, subject to applicable margin deductions.

For example, when Multi-Asset Mode is enabled, traders can use BTC as margin when trading STPTUSDT and WAXPUSDT Perpetual Contracts.

*This is not investment advice.