Binance Futures, one of the world’s biggest crypto exchange platforms by volume, has brought good news for its fellow customers. As of 28th July 2020, Binance Futures is launching a perpetual KAVA/USDT crypto exchange contract where the fellow Binancians will be able to select up to 50x leverage.
In 2020, Binance Futures is also ready to allow users to short its DeFi tokens which are up by 3,500% year-to-date and get the opportunities to reap nearly 50-times the leverage potential. With these announcements, Binance Futures will be making the most out of the current craze in Decentralized Finance (DeFi) ecosystem. The platform seems to be less focused on the price volatility of its digital assets but aiming more towards cash-rolling its KAVA/USDT cryptocurrency exchanges.
Going forward, Binance Futures is likely to grab every opportunity to deliver more profits for its customers. By announcing the launch of a perpetual contract KAVA/USDT with up to 50x leverage, Binance Futures has initiated the development of a “Responsible Trading” feature on its platform. If you are planning to trade in Binance exchange, here you need to know about Binance fees. Binance charges a fee of 0.1% for all trades & 0.5% Instant Buy/Sell fee.
While the crypto trading under this the contract commenced on July 23rd, another new addition by Binance Futures has been set in motion. The exchange is now enabling its users to either long or short its DeFi token since it has been up at a year-to-date rate of 3,520% and make it this year’s best performing digital asset in the global cryptocurrency marketplace.