Binance Adds 75x USDⓈ-Margin Futures for PENGU, CVX, SLP
Binance don launch new USDⓈ-margined perpetual futures (Binance USDⓈ-Margined Futures) for PENGU/USDC, CVX/USDT and SLP/USDT, each get up to 75x leverage. These Binance USDⓈ-Margined Futures use USDT or USDC as collateral, no expiry date, and e traders fit calculate profits and losses with stablecoins. Dem contracts dey scheduled for July 23 at 10:30 UTC (PENGU), 14:30 UTC (CVX) and 14:45 UTC (SLP), dem target NFT, DeFi and gaming users. Binance strong risk controls, like transparent funding rates, margin calls and auto-liquidations, dey help manage high-leverage risks. This expansion go enhance hedging, arbitrage and speculative tactics, but e go need disciplined risk management for dis volatile derivatives market.
Bullish
Listing USDⓈ-margined perpetual futures for PENGU, CVX and SLP na beta good sign for these tokens. For short term, the new Binance USDⓈ-Margined Futures fit make trading volume and liquidity increase, dem go attract speculators wey dey look for 75x leverage and fit boost price momentum. For long term, the availability of stablecoin-collateralized futures go support the market make e mature and people go get more confidence, as traders go fit see their P&L clearly and strong risk controls go reduce liquidation risk. But because the leverage too high, e fit cause more volatility, so to manage risk well na still the key for sustained bullish momentum.