Binance May Launch ZRC/USDT Perpetual Contracts with Up to 50x Leverage, Offering New Trading Opportunities
Main Idea
Binance is launching ZRC/USDT and ESPORTS/USDT perpetual contracts on July 29, 2024, offering up to 50x leverage, targeting emerging blockchain and gaming sectors.
Key Points
1. Binance will launch ZRC/USDT and ESPORTS/USDT perpetual contracts on July 29, 2024, with ZRC/USDT available at 09:45 UTC and ESPORTS/USDT at 10:00 UTC.
2. Both contracts offer up to 50x leverage, allowing traders to amplify potential profits and losses, with a 2% adverse price movement potentially triggering liquidation.
3. ZRC represents a blockchain project focusing on zero-knowledge proofs or privacy-focused protocols, while ESPORTS targets the gaming and play-to-earn ecosystems.
4. High leverage requires careful risk management, including setting stop-loss orders, monitoring liquidation prices, and avoiding excessive portfolio risk.
5. The new contracts aim to enhance market liquidity and provide innovative trading opportunities in niche markets like blockchain and gaming.
Description
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