Binance Futures Announces Listing of a New Altcoin on USDC with Up to 25x Leverage!

Binance Futures announced the launch of a new CRV perpetual contract with USDC margin to diversify trading options and improve user experience. The contract will go live on July 4, 2024 at 10:00 AM and will offer up to 25x leverage.

Binance Futures to Launch USDC-Margined CRV Perpetual Contract with Up to 25x Leverage

The launch of the CRVUSDC Perpetual Contract aims to provide traders with more options and opportunities on the Binance Futures platform.

However, Binance has stated that it may adjust contract features depending on market risk conditions. Possible adjustments may include changes to the funding fee, tick size, maximum leverage, initial margin and maintenance margin requirements.

Additionally, Binance Futures will support Multi-Asset Mode for these contracts. This mode allows users to trade new CRVUSDC perpetual contracts using multiple collateral assets.

For example, when Multi-Asset Mode is enabled, users can use BTC as margin when trading these perpetual contracts.

This new offering is part of Binance Futures' ongoing efforts to expand its product offering and provide investors with versatile tools to navigate the cryptocurrency market.

The platform continues to adapt and innovate in response to the dynamic environment of digital asset trading.

*This is not investment advice.