Binance to List ALPACAs Perpetual Futures with 75x Leverage

IconCryptoNewsTerminal Staff22 Aug, 2024

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Binance to List ALPACAs Perpetual Futures with 75x Leverage

Binance, the world's leading cryptocurrency exchange, has announced that it will list ALPACAs perpetual futures on August 22 at 19:30 (KST). ALPACAs is the native token of the Alpaca Finance protocol, a yield farming platform that allows users to lend, borrow, and leverage their crypto assets. The ALPACAs perpetual futures contract will be quoted in USDT and offer up to 75x leverage. The listing of ALPACAs perpetual futures on Binance is a significant development for the Alpaca Finance ecosystem. It will provide traders with a new way to speculate on the price of ALPACA and hedge against risk. Traders should be aware that perpetual futures contracts are leveraged products and can result in significant losses if not managed properly. It is important to understand the risks involved before trading perpetual futures.

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