Binance Futures to Launch 1,000,000 MOG/USDT Perpetual Contract with 75x Leverage on November 7, 2024

According to an official announcement from COINOTAG on November 7, 2024, the **Binance Futures** platform is set to launch a significant new trading opportunity. The exchange will introduce a **1,000,000 MOG/USDT perpetual contract** at 20:30 (UTC+8). This addition will allow traders to engage in high-leverage transactions, with options to utilize up to **75x leverage**. The introduction of this contract is expected to enhance trading activity and liquidity within the market, catering to both institutional and retail investors looking to capitalize on the **cryptocurrency market** dynamics. Traders should consider the implications of such leverage and ensure that they are employing risk management strategies effectively to navigate the market’s inherent volatility. Overall, the launch is indicative of Binance’s ongoing commitment to expanding its product offerings in the rapidly evolving crypto space.