Binance Futures has expanded its altcoin derivatives offerings with the launch of perpetual contracts for TAIKO (TAIKOUSDT) and SQD (SQDUSDT). These new contracts allow traders to utilize leverage of up to 50x.
Both contracts are margined and settled in USDT, providing traders with enhanced flexibility for liquidity management and risk mitigation. This move is part of Binance’s wider strategy to offer increased trading opportunities involving altcoins.
While the availability of high-leverage contracts encourages broader market participation, analysts caution that the inherent volatility of altcoins necessitates disciplined risk management strategies from traders.
The introduction of USDT-settled contracts aligns with prevailing market trends favoring stablecoin settlements and is anticipated to boost trading volumes and deepen market liquidity for both TAIKO and SQD.