Deniz 
Binance Futures has announced the launch of new VOXEL/USDT perpetual contracts, scheduled to go live on August 20, 2024. These contracts will offer traders the opportunity to leverage their positions up to 50x, enabling them to amplify their potential returns in the volatile cryptocurrency market.
Key Features of the VOXEL/USDT Perpetual Contracts
High Leverage: Traders can greatly expose themselves to VOXEL, a digital asset linked with the Voxies gaming ecosystem, using up to 50x leverage. Though it increases risk, high leverage lets one maximize possible earnings. Traders should be careful and make sure they have a strong risk-reducing plan.
Settlement in USDT: These contracts are USDⓈ-margined, hence they will be settled in Tether (USDT). Since USDT is a stablecoin linked to the US dollar, thereby lowering the volatility related to other cryptocurrencies, this offers traders a consistent and predictable margin need.
Accessibility and Liquidity: VOXEL/USDT perpetual contracts on Binance Futures are supposed to improve the liquidity and accessibility of the VOXEL token, therefore enabling more traders to take part in the market. Strong infrastructure and wide liquidity pools at Binance guarantee that traders may carry out big orders with low slippage.
Implications for Traders
One major addition to Binance’s array of derivative products is the VOXEL/USDT perpetual contract offering. By assuming long or short positions, traders can profit from market fluctuations in VOXEL, regardless of their inclination—positive or negative. Nonetheless, traders have to be careful of the dangers associated with the great leverage since the possibility of gains and losses is enhanced.
Market Context
These contracts’ arrival coincides with an explosion of interest in NFTs and blockchain-based games. The gaming platform connected with VOXEL, Voxies, has attracted interest for its special fusion of blockchain technology and classic game components. Assets like VOXEL are becoming more popular as the gaming industry keeps interacting with blockchain; also, the availability of leveraged trading instruments will probably draw both institutional and individual investors.
Conclusion
Starting VOXEL/USDT perpetual contracts on Binance Futures would give traders fresh chances to interact with the fast-expanding blockchain gaming industry. These contracts give a versatile and maybe profitable trading choice with great leverage and USDT security of payment. Before starting leveraged trading, traders are advised to do extensive research and approach these products with caution.
For more information and to participate in the trading of these new contracts, users can visit Binance’s official announcement page or contact their support team.
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