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Binance to roll out silver perpetual contract with up to 50x leverage
Binance, the largest centralized exchange by trading volume, announced it will list XAGUSDT perpetual futures contract on January 7 as part of its broader effort to expand trading offerings for traders on its platform.
Binance exchange has added a new listing through its Binance Futures in a bid to expand its offerings to traders, investors, and other market participants. The exchange revealed it will list XAGUSDT perpetual futures contracts on January 7 at 10:00 UTC.
The exchange stated that the new offering will utilize silver (XAG) as its underlying asset, whose price will track the value of one ounce of Silver.
According to an official announcement from the exchange, the offering’s tick size will be 0.01, and the minimum trade amount will be 0.001 XAG. Binance announced that the perpetual futures contract will have a minimum notional value of 5 USDT and a capped funding rate of +2.00%/-2.00 %, with funding fees settled every four hours.
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