TOKENPOST
1 min read
Add as a preferred source on Google

Binance Planned HYPEUSDC and TRXUSDC Perpetual Contracts With Up to 75x

The contracts were scheduled five minutes apart on Nov. 11, with copy trading planned within 24 hours of each opening.

By Enna Lee
Published
Mentioned assets
Two metal switches sit ready on a pale, sharply lit surface. / TokenPost.ai
Two metal switches sit ready on a pale, sharply lit surface. / TokenPost.ai

Binance announced plans for HYPEUSDC and TRXUSDC perpetual contracts to open five minutes apart Wednesday, Nov. 11. HYPEUSDC was scheduled for 4:30 a.m. ET (09:30 UTC), followed by TRXUSDC at 4:35 a.m. ET (09:35 UTC).

The planned terms set USDC settlement and maximum leverage of up to 75x for each contract. Leverage determines exposure relative to posted margin; 75x was the announced ceiling for the contracts.

Copy trading was scheduled to become available for each contract within 24 hours of its opening. The HYPEUSDC perpetual contract is separate from Binance’s isolated-margin HYPEUSDC pair, which was included in the exchange’s plan to cut leverage on 23 isolated-margin pairs from 10x to 5x on Nov. 10.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…