Binance has introduced the USD-M MAVIA Perpetual Contract and integrating Starknet (STRK) into its platform for trading.
Binance has introduced new features and is expanding its product offerings to improve the overall user experience.
As part of its most recent advances, Binance has announced the launch of the USDⓈ-M MAVIA Perpetual Contract and the incorporation of Starknet (STRK) into its platform.
The availability of these updates demonstrates Binance’s dedication to providing its users with a wide variety of trading options and access to new assets.
Both the incorporation of STRK and the launch of the MAVIA Perpetual Contract are examples of Binance’s attempts to meet the diverse requirements of the cryptocurrency ecosystem as it continues to evolve.
Binance is committed to improving its users’ experiences and expanding the range of trading options available on its Futures platform.
Binance is introducing the USD-M MAVIA Perpetual Contract as a part of this promise. Traders gain increased flexibility and opportunity through the contract design. On February 21st 2024, at 10:00 (UTC), the Heroes of Mavia (MAVIA) token will lay the foundation for the contract.
This will allow traders to gain exposure to the underlying asset. Settlements in USDT make these transactions straightforward and convenient for the participants. Traders can amplify their positions and perhaps boost their returns when they have a maximum leverage factor of 50 times.
This high leverage, in conjunction with trading hours that are open around the clock makes it possible to have access to trading opportunities at any time of the day or night, thereby satisfying the varied requirements and preferences of users located in different time zones.
Funding fees, which are an essential component of perpetual contracts, will be settled every four hours. This will provide traders with regular cost updates and ensure that fee structures are transparent.
Traders can also use the multi-assets mode, which allows them to trade various margin assets, including Bitcoin, subject to any necessary haircuts.
This characteristic increases flexibility, allowing traders to optimize their tactics based on market conditions and asset preferences. Starknet (STRK) has been seamlessly integrated across Binance’s various platforms, marking a significant step forward in expanding trading opportunities for users.
This represents a huge step forward in expanding the variety of trading opportunities that are available to users. This connection is expected to simplify the process of accessing STRK, providing traders across the Binance ecosystem with increased comfort and flexibility.
Users of Binance Simple Earn now have the opportunity to explore the alluring world of STRK Flexible Products, which enables them to unlock a wide range of earning potentials while simultaneously taking advantage of the platform’s inherent simplicity and high level of accessibility.
As a result of this growth, the expansion of earning opportunities allows users to tailor their investment plans to align with their individual preferences and financial objectives.
Meanwhile, the introduction of STRK to Binance Convert adds a new facet to the available trading opportunities. Traders can engage in STRK transactions without incurring any trading costs, and they can do so amidst a variety of supported trading pairs.
These trading pairs include popular alternatives such as Bitcoin, USDT, and other tokens. Users can manage their assets quickly and cost-effectively thanks to this seamless trading experience.
Binance Futures plans to launch the USD-M STRK Perpetual Contract, allowing traders to capitalize on STRK through leverage. This will be of great interest to those who are interested in derivatives.
The contract will launch on 2024-02-20 at 17:00 (UTC) and will include important information such as the underlying asset (Starknet), the settlement asset (USDT), the maximum leverage (50x), and continuous trading availability (24/7), among other things.