Binance May Expand Trading Options with New PENGU USDⓈ-Margined Perpetual Contracts and 75x Leverage

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.