Binance will launch 1,000,000 MOGUSDT perpetual contracts, supporting 75x leverage

ChainCatcher news, according to the official announcement, Binance will launch the 1000000MOGUSDT perpetual contract on November 7, 2024, at 20:30 (UTC+8), supporting a maximum leverage of 75 times. The underlying asset of this contract is MogCoin (1000000MOG), the settlement asset is USDT, the funding fee settlement frequency is every four hours, and the maximum funding fee rate is +2.00%/-2.00%.