As a seasoned crypto investor with a penchant for staying ahead of the curve and a knack for navigating the volatile market, I find myself intrigued by Binance’s latest announcements. The upcoming listing of GUSDT, RAREUSDT, and BANANA Perpetual Contracts on Aug. 15, 2024, offers an exciting opportunity to diversify my portfolio, especially with the tantalizing promise of up to 50x leverage.
Binance, a leading crypto exchange, has declared the addition of two new futures contracts to its platform. As per their latest announcement, Binance Futures will debut the GUSDT Perpetual Contract and RAREUSDT Perpetual Contract on August 15, 2024, at 12:30 p.m. and 1:00 p.m. UTC respectively. These contracts offer up to 50 times leverage for traders.
On August 15th, 2024, Binance Futures will introduce two new Perpetual Contracts: the GUSDT Contract at 12:30 UTC and the RAREUSDT Contract at 13:00 UTC. You can find more details by clicking here.
— Binance Futures (@BinanceFutures) August 15, 2024
On Binance, it’s mentioned that the aim behind the new listings is to broaden the variety of trading options available on Binance Futures and improve the overall user trading experience.
As a researcher, I am excited to announce that following suit, we are set to debut the BANANA Perpetual Contract on our Binance Futures platform, coinciding with August 15th at 2:00 a.m. (UTC). This innovative contract will provide up to 50x leverage for traders seeking high-leverage opportunities.
Other announcements
As per the latest update, Binance is planning to discontinue and halt trading for the pairs BLZ/USD, IMX/TRY, and PORTO/BTC from August 16 at 3:00 a.m. (UTC). This action appears to be the result of their recent assessments.
To ensure user safety and foster a robust trading environment, Binance regularly evaluates all its listed spot trading pairs. If necessary, specific trading pairs may be removed from the platform due to factors like low liquidity or trade volume. It is important to note that delisting a spot trading pair does not impact the accessibility of the tokens on Binance Spot. Instead, users can continue trading the base and quote assets of the delisted pair in other available trading pairs within Binance.
In another announcement, Binance Margin is planning to remove certain cross-margin trading pairs: BICO/USDT and DAR/USDT on Aug. 22 at 6:00 a.m. (UTC). Similarly, the isolated margin trading pairs for BICO/USDT, BNT/USDT, DAR/USDT, and UTK/USDT will also be removed.
It’s recommended that Binance users take action before August 22nd at 6:00 a.m. (UTC), by either closing open positions or moving assets from margin wallets to standard wallets. This is to safeguard against potential losses, as it may not be possible to adjust positions during the process of delisting the specified margin trading pairs, which could impact access to those assets.
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2024-08-15 18:00