Binance Futures Presents MAVIAUSDT Contract with 50x Leverage

Binance Futures, the leading platform for crypto asset futures trading, expands its trading instruments with Perpetual Contract USDⓈ-M MAVIA. These contracts, becoming available on February 21, 2024, are part of Binance's efforts to diversify its portfolio and improve the user experience.

The MAVIAUSDT Perpetual Contract deposited in USDT allows traders to take advantage of up to 50x leverage for Heroes of Mavia (MAVIA) tokens. This shows Binance's commitment to innovation and response to market demand.

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Binance Futures Expands Coverage with MAVIAUSDT

The reason why Binance is expanding its perpetual contract with MAVIAUSDT is because:

1. Meet Market Needs

The launch of this contract is a strategic step to meet the needs of the growing crypto trading community. The MAVIAUSDT Perpetual Contract not only adds trading options but also capitalizes on interest in new and emerging digital assets such as the Heroes of Mavia token.

2. Stable and Flexible Market

This contract offers a tick size of 0.0001 with a maximum funding rate of +2.00%/-2.00% which is adjusted every four hours to maintain market stability. The MAVIAUSDT Perpetual Contract is available 24/7 and supports multi-asset mode, providing flexibility and convenience for traders to trade according to their schedule and strategy.

Also Read: MAVIA Price Prediction 2024: Will it Soar?

Enhance Trader Experience with Leverage and Incentives

In this expansion effort, Binance will provide trading experience by providing several benefits to traders. These advantages, such as:

1. Leverage Up to 50x

This contract provides up to 50x leverage, allowing traders to expand their profit potential. However, high leverage requires wise risk management. Binance Futures emphasizes the importance of responsible trading practices.

2. Incentives for Liquidity Providers

Binance Futures offers incentives to eligible USDⓈ futures liquidity providers. They will get a maker fee discount of 0.005% for MAVIAUSDT Perpetual Contract transactions for 14-15 days after launch. These incentives aim to encourage liquidity and trading activity on new contracts, thereby improving the user experience on Binance Futures.

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Commitment, Flexibility, and Responsible Trading

Apart from the benefits above, Binance will also provide a trading experience with the following benefits.

1. Multi-Asset Mode

The launch of the MAVIAUSDT Perpetual Contract confirms Binance Futures' commitment to providing trading flexibility through Multi-Asset Mode. This innovative feature allows traders to use various margin assets, such as BTC, as collateral, thereby offering a more efficient and versatile use of capital.

2. Risk Management

Binance Futures understands the risks of trading digital assets and futures and advocates responsible trading practices. The platform offers educational resources and tools to help traders make informed decisions and manage risk well. Binance's approach to risk management, combined with high leverage potential and the introduction of innovative trading options, reflects its dedication to providing a safe and dynamic trading environment.

Conclusion

The launch of MAVIA's USDⓈ-M Perpetual Contract marks an important milestone for Binance Futures and the broader decentralized finance (DeFi) ecosystem. By continuously expanding its trading offerings and including features such as high leverage and multi-asset modes, Binance Futures is demonstrating its leadership in the crypto trading space. The MAVIAUSDT Perpetual Contract, with its unique features and incentives, is ready to attract a wide range of traders, from beginners to experienced professionals, further strengthening Binance Futures' position as a superior trading platform.

How to Buy MAVIA on Bittime

After knowing what MAVIA is and how it works, are you interested in buying and investing in this crypto asset? You can do it at Bittime. MAVIA tokens are available on Bittime in the  ALGO IDR pairing. 

 Below is a guide on how to buy MAVIA tokens on Bittime. 

1. Register an account at Bittime using an active email. 
2. Could you complete the identity verification process?  
3. Once the account is verified, open the Bittime application.
4. Select the Market menu or click the graphic icon. 
5. Select IDR pairing to buy MAVIA with Rupiah.
6. Click 'Buy'.
7. Select the order type to use. Limit orders, market orders, and stop orders are available.
8. Enter the nominal rupiah to buy MAVIA.
9. Click the 'Buy MAVIA' button. 
10. A notification pop-up will appear. Read it carefully and click 'Confirm'. 
11. Enter the six-digit Transaction PIN.
12. The application will display a successful order notification. 

For a complete guide on how to buy MAVIA, click here.

Apart from buying MAVIA tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring ORDI, BTC, ETH, and SOL price chart movements today to find out crypto market trends on Bittime. 

Crypto asset buying and selling transactions on Bittime are easy, safe, and instant. Bittime is officially registered and supervised by Bappebti and Kominfo.

Also Read:

What is Avalanche (AVAX) and its advantages over other blockchains?

Perpetual Futures Contracts: Definition, How it Works, and Trading Strategy

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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.