Binance Futures Announces Listing of a New Altcoin Trading Pair with 50x Leverage! Here Are the Details
By: bitcoin ethereum news|2025/05/12 16:15:05
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Binance Futures, the derivatives arm of the world’s largest crypto exchange, has announced the upcoming launch of a new USDS-margined OGUSDT Perpetual Contract, further expanding its range of trading products. Binance Futures to Launch OGUSDT Perpetual Contract with Up to 50x Leverage on May 12 According to Binance’s official announcement, the new perpetual contract will go live on May 12 at 12:00 UTC and will allow traders to trade their positions with up to 50x leverage. The OGUSDT pair is pegged to the OG Fan Token, a popular fan-based digital asset, and will be exchanged for USDT, making it accessible to a wide range of retail and professional investors. Important Details: Launch Date: May 12, 2025, 12:00 Leverage: up to 50x Margin Type: USDS Margined Financing Rate Limit: ±2.00 Finance Fee Payment: Every four hours Availability in Copy Trading: Within 24 hours after launch The contract will also be made eligible for the Futures Copy feature, which allows users to copy the strategies of the best-performing traders on the platform. Binance emphasized that the funding rate for the OGUSDT contract will be capped at ±2.00% and funding fees will be paid every four hours, in line with the platform’s standard practices for new listings. This launch reflects Binance’s ongoing efforts to diversify its derivatives offering and meet the growing demand for trading pairs related to fan tokens, which have seen renewed interest amid increasing interaction between sports clubs and blockchain ecosystems. *This is not investment advice. Source: https://en.bitcoinsistemi.com/binance-futures-announces-listing-of-a-new-altcoin-trading-pair-with-50x-leverage-here-are-the-details/
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