Binance May Expand Trading Options with New PENGU USDⓈ-Margined Perpetual Contracts and 75x Leverage
Main Idea
Binance introduces new USDⓈ-margined perpetual contracts for PENGU, CVX, and SLP with up to 75x leverage, enhancing crypto derivatives trading with stablecoin collateral and risk management benefits.
Key Points
1. Binance launched USDⓈ-margined perpetual contracts for PENGU/USDC, CVX/USDT, and SLP/USDT on July 23, each offering up to 75x leverage.
2. The new contracts use stablecoins (USDT or USDC) as collateral, providing a more stable and predictable trading environment.
3. PENGU represents the metaverse sector, CVX is linked to DeFi protocols, and SLP is associated with gaming and NFTs.
4. The contracts were listed at specific times (07:30 UTC for PENGU/USDC, 11:30 UTC for CVX/USDT, and 11:45 UTC for SLP/USDT) to ensure system stability.
5. The 75x leverage offers high-risk, high-reward opportunities, emphasizing the need for disciplined risk management.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Binance expands its
Latest News
- H100 Group Boosts Bitcoin Holdings by 117.93 BTC, Total Now 628.22 BTC2025-07-23 14:54:24
- JUSTIN SUN OF TRON INC TO RING NASDAQ OPENING BELL THURSDAY JANUARY 24TH2025-07-23 14:53:17
- Nature’s Miracle Holdings Considers $20 Million XRP Treasury Program Amid Corporate Crypto Interest2025-07-23 14:52:13
- Binance CEO Highlights Potential Trends Shaping Bitcoin and the Future of Crypto Finance2025-07-23 14:51:37
- Bitcoin Price Faces Potential Retracement as Liquidity Targets $117,500 Amid Market Volatility and Rising Altcoin Froth2025-07-23 14:51:13