Binance Launches Perpetual Contracts ENA, ETHFI, and1000 BONK USDC, Maximum Leverage of 50 Times!

Bittime - The Binance Futures platform will launch perpetual contracts for three new tokens, ENA, ETHFI, and 1000BONK, which are paired with USDC. These perpetual contracts will allow traders to speculate on digital asset price movements with leverage of 50 times.

Launch of Perpetual Contracts

The launch of the perpetual contracts ENAUSDC, ETHFIUSDC, and 1000BONKUSDC is scheduled for May 2, 2024, with the following times:

• ENAUSDC: 14:00 WIB
• ETHFIUSDC: 14:15 IWST
• 1000BONKUSDC: 14:30 WIB

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Contract Details

• Pairings: ENA/USDC, ETHFI/USDC, 1000BONK/USDC
• Maximum Leverage: 50x
• Contract Size: 1 USD per contract
• Initial Margin: 2%
• Opening Fee: 0.02%
• Closing Fees: 0.03%
• Funding Fees: Supported by the Binance Futures funding system

For more detailed information about the ENAUSDC, ETHFIUSDC, and 1000BONKUSDC perpetual contracts, you can visit the official Binance Futures website.

What is Perpetual Contracts?

Perpetual contracts are derivative financial instruments that allow traders to speculate on price movements of digital assets without having to physically own the assets. This contract is designed not to have an expiration date, so it is different from traditional future contracts which have a specific maturity date.

Also Read: What are Perpetual Contracts and How Are They Different from Future Contracts?

Important Points of Perpetual Contracts

• Leverage: One of the main features of perpetual contracts is the use of leverage. Leverage allows traders to open positions with amounts much greater than the capital they have. Leverage can increase potential profits, but it also increases potential losses.
• Funding Rate: To keep the price of perpetual contracts close to the spot price of the underlying asset, perpetual contracts use a mechanism called the funding rate. This mechanism adjusts the payout between “long” traders (buy positions) and “short” traders (sell positions) to match the market price.
• No Expiration Date: The main advantage of perpetual contracts is that there is no expiration date. This means traders can hold their positions as long as they want, without having to worry about their contracts expiring and having to be settled by a certain date.

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New Opportunities for Traders

The launch of the ENAUSDC, ETHFIUSDC, and 1000BONKUSDC perpetual contracts on Binance Futures presents new opportunities for traders to speculate on the price movements of these digital assets. However, it is important to remember that trading perpetual contracts involves a high degree of risk and traders should always do their own research before making any investment decisions.

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How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

Binance Futures Presents MAVIAUSDT Contract with 50x Leverage

Big News: Binance Gives Support to BOME, TIA, and MATIC to Expand Crypto Market

SynFutures Dex Perpetual Contracts Ranks 1st in Trading Volume, US$1 Billion in 24 Hours

DISCLAIMER : This article is informational in nature and is not an offer or invitation 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.