Binance, the leading global cryptocurrency exchange, has announced the introduction of leveraged futures trading for the MANTRA (OM) token on its Binance Futures platform. Starting today, traders can engage in OM futures trading with the option of leveraging their positions by up to 50 times.
Expanding Trading Horizons with OM Futures
Seeking to diversify its futures offerings, Binance Futures unveils leveraged trading for MANTRA’s OM token today at 17:00 TRT. This new addition is set to provide traders an enhanced opportunity to speculate on the future price movements of the OM token.
During the introductory phase, the OMUSDT perpetual contract will feature a maximum funding rate of +/- 2%, with funding fee payments taking place every four hours, maintaining the standard frequency for the platform.
Binance previously embraced the OM token in March 2021 by launching spot trading with multiple pairs, including OM/BTC, OM/BUSD, and OM/USDT. The integration into Binance Futures marks another significant milestone for the altcoin’s presence within the Binance ecosystem.
Understanding MANTRA (OM)
MANTRA is constructed as a Layer 1 Blockchain utilizing the Cosmos SDK, designed to bridge compliance gaps within the Cosmos network. As a blockchain infrastructure for tokenized real-world assets (RWAs) and regulated digital assets, MANTRA offers a robust, scalable solution for both unregulated and regulated applications in need of compliance.
