Binance Lists SLXUSDT Perpetual Futures With Up to 20x Leverage
Summary
- Binance said trading in SLXUSDT perpetual futures will begin at 4:30 p.m. Korea Standard Time on June 1.
- The contract will offer up to 20x leverage, USDT settlement, and a minimum trade value of 5 USDT.
- Binance added that the contract will support Multi-Assets Mode and Futures Copy Trading, and that terms including funding rates and leverage may change depending on market conditions.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, will launch trading in the SLXUSDT perpetual futures contract at 4:30 p.m. Korea Standard Time on June 1, according to a notice posted by the exchange. The contract offers leverage of up to 20x.
The underlying asset is Solstice, or SLX, a DeFi protocol that provides on-chain institutional-grade yield products. The settlement asset is USDT.
The tick size is 0.00001, the minimum order size is 1 SLX, and the minimum trade value is 5 USDT. The funding-rate cap is set at plus or minus 2.00%, with settlement every four hours.
The contract will support Multi-Assets Mode, allowing users to use a range of assets, including BTC, as margin.
Binance also said the contract will be available for Futures Copy Trading within 24 hours of listing. The exchange added that trading terms, including funding rates and leverage, may be adjusted depending on market conditions.
A futures listing does not guarantee a spot listing, Binance said. Listing decisions for the two markets are made separately.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
