Deniz 
Offering traders the chance to leverage their positions up to 50x, Binance Futures has unveiled new USDⓈ-margined perpetual futures for G and RARE. Set to start on August 14, 2024, at 12:00 PM (UTC), these contracts will let consumers exchange these assets with more freedom and possible returns.
Key Details
- Contract Types: The new contracts are USDⓈ-margined, meaning they are settled in stablecoins like USDT, which provides traders with more predictable and stable margin requirements.
- Leverage Options: Traders can leverage their positions up to 50x, allowing them to maximize their exposure to the G and RARE markets. However, this high leverage also comes with increased risk, and traders are advised to approach these instruments with caution.
Trading Implications
These new contracts represent Binance’s dedication to increasing the spectrum of derivative products it offers in order to meet the rising demand for several trading tools. Although it increases possible losses, the possibility of trading with such high leverage appeals especially to traders seeking large profits.
Risk Management and User Advisory
Considering the great leverage involved, Binance counsels consumers to first fully grasp the risks before starting trading. Although leveraged trading offers great potential, it also carries the danger of huge losses. Binance exhorts traders to trade within their means and apply suitable risk control techniques.
Conclusion
Launching these new USDⓈ-margined perpetual contracts, Binance keeps proving its leadership as a top cryptocurrency exchange by providing a large range of trading choices to its clients. With up to 50x leverage, the G and RARE contracts give traders strong instruments to interact with the market; nevertheless, they also demand cautious risk management.
For more information and to participate in the trading of these new contracts, users are encouraged to visit Binance’s official announcement page or contact their support team.
What is G?
Designed on a blockchain, the Global Utility Smart Digital Token, or GUSDT, lets investors fund early-stage start-ups and highly potential small enterprises. The platform offers a creative distributed financial system by using cryptography and blockchain technologies. The approach helps common people invest in high-potential sectors independent of their capacity for investment. Apart from that, the site lets start-ups generate money for their initiatives without depending on conventional investment possibilities.
The ERC-20 token of the platform is GUSDT. GUSDT coins allow users of the platform to engage with several offered services. GUSDT tokens let the token holders trade SITs on the exchange. Every new SIT that opens on the platform results in extra investment tokens for GUSDT holders as well. From the overall token availability, GUSDT assigned 50,000,000 tokens to the founding member.
What is RARE?
Rare is a cryptocurrency that was created by Rarefied Design Limited for the purpose of payment and other utilities that are associated with the products that Rarefied Design Limited has developed. The Rare coin has been created on the xDai Stake blockchain and can be accessed from wallets such as Metamask for a variety of purposes. This processing structure eliminates substantial transaction costs and facilitates the coin’s use. In addition to this infrastructure, the cryptocurrency enables users to acquire the RARE coin through the rarify application, a Defi application developed by Rarefied Design Limited.
Furthermore, the website claims that the RARE currency fulfills certain purposes in the crypto scene established by Rarefied Design Limited.
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