Binance Adds BSW/USDT Perpetual Futures Today at 3 PM KST
CryptoNewsTerminal Staff05 Sep, 2024
Binance Adds BSW/USDT Perpetual Futures Today at 3 PM KST
Binance has announced on its official website that it will list BSW/USDT perpetual futures on September 5 at 3 PM (KST). It supports up to 75x leverage. Perpetual futures contracts are a type of derivative that allows traders to speculate on the future price of an asset without having to take physical delivery of the underlying asset. They are similar to traditional futures contracts, but they do not have an expiration date, meaning that they can be held indefinitely. The listing of BSW/USDT perpetual futures on Binance will provide traders with a new way to gain exposure to the Biswap ecosystem. BSW is the native token of the Biswap decentralized exchange, and it is used to pay for transaction fees, staking rewards, and governance voting. The addition of BSW/USDT perpetual futures to Binance's platform is a sign of the growing interest in decentralized finance (DeFi). DeFi projects are increasingly popular with traders, as they offer a number of advantages over traditional financial instruments, such as lower fees, greater transparency, and more flexibility.
