The HIVEUSDT perpetual contract will have Hive (HIVE) as its underlying asset and USDT as the settlement asset. The tick size for the contract is set at 0.00001, and the maximum funding rate will be +2.00% / -2.00%. Funding fees will be settled every four hours. Trading will be available 24/7, and users can utilize the Multi-Assets Mode to trade this contract with different margin assets.

The funding rates are scheduled for December 23, 2024, at 12:00 UTC, 16:00 UTC, and 20:00 UTC, as well as December 24, 2024, at 00:00 UTC, at +2.00% / -2.00%. Binance reserves the right to adjust the funding rates, leverage levels, tick sizes, and margin requirements based on market conditions.

The Multi-Assets Mode allows users to use different assets, such as BTC, as margin when trading the HIVEUSDT Perpetual Contract. This feature provides greater flexibility in managing trades.

The HIVEUSDT Perpetual Contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Additionally, the listing of a token on Binance Futures does not guarantee its listing on Binance Spot.

This new perpetual contract offers users a significant opportunity to optimize their trading strategies and manage risks effectively.

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The post Binance Futures Launches HIVEUSDT Perpetual Contract appeared first on Coin Engineer.

“This potential opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to our Bitcoin mining operations, increasing our global EH/s to 12.1 EH/s,” the executive chairman of the corporation, Frank Holmes, said in a release. “This marks a turning point in our diversified growth plan and underlines our will to increase our worldwide presence via data center operations in Canada, Sweden, Iceland, and now Paraguay.”

Additionally revealed by HIVE was that, as of July 21, its bitcoin reserves were 2,521 BTC. Experts estimates that HIVE’s bitcoin is worth more than $171 million at a present value of $67,850 per coin. HIVE took in an 8% rise in year-over-year income—$114.5 million. Their mining income from digital currencies came to $111 million.

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