according to materials from the site - By Bitcoin Sistemi EN
Binance Futures continues to expand its range of derivatives offered to users. According to the exchange's statement, it is launching a perpetual futures contract USDⓈ-Margin RAVEUSDT for RaveDAO (RAVE).
The new contract will be available on the Binance Futures platform from 18:30 and will offer investors leverage of up to 40x.
Binance stated that this move is aimed at enhancing the trading experience for users and expanding risk management capabilities and strategic decisions for various projects.
The perpetual futures contract RAVEUSDT will use USDT as the settlement currency. The minimum price tick of the contract is set at 0.00001, and the upper and lower limits for the funding rate are +2% / -2%. The funding fee will be charged every four hours.
The contract will be available for trading 24 hours a day, seven days a week. A multi-asset mode on Binance will also be supported, allowing users to open positions using various collateral assets.
RaveDAO, the organization behind the RAVE token, positions itself as a global community aiming to unite music, technology, and social initiatives. The project stands out for its structure, which aims to combine the creative economy with blockchain technology.
Binance has emphasized, as usual, that all technical processes will be handled by the platform, warning investors about the high risks associated with trading using leverage. The new product is expected to increase interest in the RAVE ecosystem and market liquidity.
