Binance to List MarsCoin Perpetual Futures With Up to 20x Leverage
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Binance, the global cryptocurrency exchange, will list a new perpetual futures contract.
Trading in the MARSCOINUSDT perpetual futures contract will begin at 6:45 p.m. in Korea on Sept. 1, according to a Binance notice released the same day. The contract offers leverage of up to 20x.
The underlying asset is MarsCoin, or MARSCOIN, a meme coin built on BNB Chain. The token is structured to distribute SPCXB, a tokenized stock asset, to holders. USDT will be used as the settlement asset.
The contract also supports Multi-Assets Mode, allowing users to use a range of assets, including Bitcoin, as margin.
Binance said the contract will also be available for Futures Copy Trading within 24 hours of listing. The exchange added that trading terms, including the funding rate, tick size, maximum leverage, and initial and maintenance margin requirements, may be adjusted depending on market conditions.
A futures listing does not guarantee a spot listing, and 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.