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Binance has announced the listing of the Manta (MANTA) token on its platform, a development that has generated excitement in the cryptocurrency world. This new step will give users access to Manta via Binance Simple Earn and Binance Convert, while also giving them the opportunity to use MANTA on Binance Margin, Binance Futures, and Binance Smart Pool.
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Binance Margin will accept MANTA as a new borrowable asset on Cross and Isolated Margin starting on January 18, 2024. It will also offer the MANTA/USDT pair to its users on Cross and Isolated Margin trading. This step will add a new dimension to margin trading while increasing users’ chances to diversify their portfolios.
Binance Futures will launch the USDⓈ-M MANTA Perpetual Contract for MANTA with up to 50x leverage at 17:00 on January 18, 2024. This will give users more trading flexibility and the opportunity to generate potential profits.
USDⓈ-M MANTA Perpetual Contract Details:
- Launch Time: 17:00 on January 18, 2024
- Underlying Asset: Manta (MANTA)
- Settlement Asset: USDT
- Tick Size: 0.0001
- Limited Funding Rate: +2.00% / -2.00%
- Funding Fee Settlement Frequency: Every Four Hours
- Maximum Leverage: 50x
- Trading Hours: 24/7
- Multi-Asset Mode: Supported
Multi-Asset Mode: Multi-Asset Mode allows users to buy and sell the MANTA/USDT Perpetual Contract on multiple collateral assets. For example, users can trade on the MANTA/USDT Perpetual Contract using BTC as collateral.
This is a significant development for Manta, as it will give the token greater visibility and liquidity. It is also a positive sign for the cryptocurrency market as a whole, as it shows that Binance is committed to supporting new and innovative projects.