On December 30, 2024, the Binance Futures platform is set to introduce new perpetual contracts, allowing traders to leverage positions up to 75x. The launch will occur in two phases: the PHAUSDT perpetual contract will be available at 19:30 (UTC+8), followed by the introduction of the DFUSDT perpetual contract at 19:45 (UTC+8). This initiative highlights Binance’s commitment to enhancing trading options for cryptocurrency enthusiasts and professionals. With high leverage options, these contracts could provide opportunities for increased profitability but also come with increased risks. Traders should conduct thorough analyses and consider market conditions before engaging with these new offerings. As the crypto market continues to evolve, Binance remains a pivotal player, consistently expanding its product range to meet user demands and promote market participation.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024