TL;DR
- Binance has launched the LOKAUSDT perpetual contract with up to 75x leverage.
- Traders will be able to trade 24/7 with fixed funding rates.
- The contract supports Multi-Assets Mode, allowing the use of different assets as margin.
Binance has announced the launch of a new perpetual contract based on LOKA/USDT, which will allow traders to operate with up to 75x leverage.
This new offering aims to expand the trading opportunities on the platform and provide more flexibility to users.
The contract, available from September 24, 2024, will allow 24/7 trading and will have fixed funding rates, settled every four hours.
The underlying asset of the contract is League of Kingdoms Arena (LOKA), and its settlement will be in USDT (Tether).
This contract is a new addition to the growing list of products on Binance Futures, where traders can take advantage of a wide range of assets and strategies to maximize their returns.
The up to 75x leverage will allow users to take larger positions, which could potentially multiply both profits and losses. Therefore, traders should consider the high risk associated with this type of high-leverage trading.
One of the most notable features of the LOKAUSDT perpetual contract is the support for Multi-Assets Mode. This functionality allows traders to use other assets, such as Bitcoin (BTC), as margin when trading this contract.
This provides greater flexibility and allows users to diversify their risk exposure by using different assets as collateral.
Additionally, Binance has clarified that the contract specifications, such as the funding rates, tick size, initial margin, and maximum leverage, may be adjusted depending on market conditions.
Expansion of perpetual contracts with LOKAUSDT on Binance
The introduction of this new contract is part of Binance’s efforts to enhance user experience and expand the trading options on its platform.
In recent weeks, Binance has launched several additional perpetual contracts, such as FIDAUSDT and FIOUSDT, also with up to 75x leverage.
These products are designed for both retail traders and institutional investors looking to take advantage of price fluctuations in the cryptocurrency market.
The launch of the LOKAUSDT perpetual contract reinforces Binance’s commitment to offering a broader range of financial products.
As demand for these types of advanced trading tools continues to grow, Binance continues to innovate and adapt to the needs of its global community.
This also positions the platform as a leader in offering high-leverage contracts, a feature that is attractive to many traders seeking greater profit opportunities.
Over the past year, Binance has launched a series of contracts covering a variety of assets, which not only provides more trading options but also offers users the ability to adjust their strategies based on market conditions.
With the introduction of LOKAUSDT, Binance ensures it remains competitive in a cryptocurrency market that rapidly evolves, continuing to capture the attention of experienced traders and new users looking to leverage.
