Crypto exchange Binance has announced the addition of a new trading option, expanding choices for its users by launching the SANTOSUSDT perpetual futures contract for Santos FC Fan Token (SANTOS). This new contract will offer up to 75x leverage, allowing users to maximize their positions.
Details of the SANTOSUSDT Perpetual Futures Contract
Binance’s focus on sports-oriented crypto investments shines through with the SANTOSUSDT futures contract, which lets users trade Santos FC Fan Token (SANTOS) while using USDT as collateral. With a minimum price movement of 0.001 and a capped funding rate ranging from +2.00% to -2.00%, this contract is designed to support effective risk management amid high volatility.
The Multi-Assets Mode is also available with this contract, giving traders the flexibility to use various cryptocurrencies like Bitcoin (BTC) as margin, rather than being limited to just USDT. This mode enhances user flexibility and offers protection against market volatility.
Binance has also stated that it reserves the right to adjust certain contract parameters based on market risk conditions. Such adjustments may include funding fees, minimum price increments, maximum leverage, and initial and maintenance margin requirements. These measures aim to ensure a secure and efficient trading experience for all users.
SANTOS Price Surges After Binance Announcement
Following Binance’s announcement, the price of SANTOS surged dramatically. The token rose by 42.12% to reach $4.74, and trading volume also spiked by 55.15% to $26.89 million. This sharp increase reflects heightened investor interest and activity surrounding the new listing.
Binance, SANTOSUSDT, perpetual futures, Santos FC Fan Token, Multi-Assets Mode
