In an exciting development for cryptocurrency traders, Binance has unveiled perpetual contracts for MAVIA, an altcoin, with the option of leveraging investments up to 50 times. This new offering will become available from 13:00 Turkey time without MAVIA being part of the exchange’s spot trading lineup.
Details on MAVIA Perpetual Contracts
The MAVIAUSDT contract, based on the Heroes of Mavia asset, will commence on February 21. Settled in USDT, the contract features a tick size of 0.0001 and a maximum leverage of 50 times. Binance promises 24/7 trading availability and supports multi-asset mode, allowing diverse collateral options for traders. Additionally, Binance caps the funding rate at plus or minus 2.00%, with a settlement frequency every four hours.
Additional Incentives and Flexibility
For a limited period, Binance offers a 0.005% maker fee rebate to eligible USDⓈ-margined futures liquidity providers trading MAVIAUSDT contracts. Binance retains the discretion to modify contract features, such as margins and leverage, to align with prevailing market risks. The platform’s Multi-Asset Mode empowers traders to use alternative assets like BTC as collateral, enhancing the trading experience.
In summary, Binance’s latest move expands its derivatives market by introducing leveraged perpetual contracts for the MAVIA token. This strategic step provides traders with more options and flexibility in managing their cryptocurrency portfolios.