Binance Futures Launched MBOX Perpetual Contract With Up to 75x Leverage

Key Points

• Binance Futures just launched MBOX Perpetual Contract with up to 75x leverage.
• In August, Binance launched over 14 futures pairs, rapidly expanding trading choices.

Binance Futures just launched MBOXUSDT Perpetual Contract with up to 75x leverage to expand the list of trading choices offered on the platform.

Details About MBOXUSDT

Here are the key details about the MBOXUSDT Perpetual Contract, according to Binance’s official announcement:

• MBOXUSDT Perpetual Contract was launched today, August 28, at 09:30 (UTC).
• The underlying asset is MOBOX (MBOX).
• The settlement asset is USDT.
• The tick size is 0.0001.
• The capped funding rate is +2/-2%.
• The funding fee settlement frequency is every four hours starting today at 12:00 (UTC).
• The maximum leverage of the Perpetual Contract is 75x.
• Trading hours are 24.7.
• Multi-Assets Mode is supported.

In the announcement, Binance revealed that, based on market conditions, the exchange may adjust the specification of the Perpetual Contract mentioned above from time to time.

Specifications subject to potential change include the following:

• Funding fee
• Tick size
• Maximum leverage
• Initial margin
• Maintenance margin requirements

Multi-Assets Mode allows users to trade the Perpetual Contract across multiple margin assets. For instance, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the Perpetual Contract.

MBOXUSDT Perpetual Contract is subject to Binance Terms of Use, and the Binance Futures Service Agreement.

What is MOBOX (MBOX)?

MOBOX is a NFT gaming ecosystem, built on Binance Chain. It mixes yield farming in DeFi with gaming NFTs, and it creates a free-to-play, play-to-earn gaming model.

The MOBOX platform includes three main components:

1. The NFT marketplace – A fully decentralized solution for trading, renting, and lending MOMO NFTs.
2. NFT creator – A convenient set of tools for users looking to create MOMO NFTs using the ERC721 standard.
3. Game creator – A collection of APIs to launch and publish games on the MBOX platform; developers can incorporate MBOX tokens and MOMO NFTs into their games easily.

Binance Futures Rapidly Expands Trading Choices List

Binance Futures is expanding the list of trading choices offered on the platform, enhancing users’ experience, more than ever.

In August, the platform launched over 14 futures pairs including the following:

• NULSUSDT
• DOGSUSDT
• POPCATUSDT
• SUNUSDT
• ALPACAUSDT
• VOXELUSDT
• BRETTUSDT
• SYSUSDT
• GUSDT
• RAREUSDT
• SYNUSDT
• BANANAUSDT
• CFXUSDT
• IDEXUSDT

These contracts alongside others launched this month, are part of Binance‘s efforts to expand derivatives offerings.