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 <p class="is-style-lead">Binance Futures, a prominent player in the cryptocurrency sector, is poised to enhance its offerings with the introduction of a new product.</p>
 <p>As of Oct. 15, Binance Futures has enabled crypto traders to tap into a new financial instrument, which allows for trading <a rel="noopener noreferrer nofollow" title="leverage" href="https://thebittimes.com/tag/leverage.html">leverage</a> up to a reported 50 times.</p>
 <p>According to Binance, the BOND/USDT Perpetual Contract, backed by the BarnBridge (BOND) token as its underlying asset and having Tether (USDT) as its settlement asset, presents a new opportunity for crypto enthusiasts. It operates 24/7, ensuring continuous trading availability for its users.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="contract" href="https://thebittimes.com/tag/contract.html">contract</a> also comes with a tick size of 0.001 and a capped funding rate of +2.00% or -2.00%, with funding fee settlements set to occur every four hours.</p>
 <p>News of the new offering comes only days after Binance launched U-based BIGTIME <a rel="noopener noreferrer nofollow" title="perpetual" href="https://thebittimes.com/tag/perpetual.html">perpetual</a> <a rel="noopener noreferrer nofollow" title="contract" href="https://thebittimes.com/tag/contract.html">contract</a>s with up to 20 times <a rel="noopener noreferrer nofollow" title="leverage" href="https://thebittimes.com/tag/leverage.html">leverage</a>.</p>
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 <p>Additionally, Binance introduced copy trading for its futures products on Oct. 9 in selected markets. The new feature allows users to follow and replicate the portfolios and strategies of seasoned traders.</p>
 <p>It also offers “fixed amount” and “fixed ratio” modes to accommodate various user preferences and risk tolerances.</p>
 <h2 class="wp-block-heading" id="strong-bond-continues-to-surge-strong"><strong>BOND continues to surge</strong></h2>
 <p>Elsewhere, BarnBridge’s BOND token recorded a significant price surge, where its value more than doubled.&nbsp;</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh4.googleusercontent.com/Y4BfxqVf0IiEQ3Oq_lGE0gfN4jodQFNvRTPLhC8qZqYSgrSOwjo_yWUhZEw_mzhh1h2o_LnIZIJnZHiT55Alj3ZG-Ex43e7DBFpN2txNBKnlqkhxvUz5eKUwlAZt1Wt7tViISp4NFoq2wmXEwQPqjrs" alt="Binance Futures launches perpetual contract with 50x leverage - 1">
  <figcaption class="wp-element-caption">
   BOND price chart | Source: CoinGecko
  </figcaption>
 </figure>
 <p>The price rise was largely attributed to BarnBridge’s announcement that it intended to comply with unspecified demands by the U.S. Securities and Exchange Commission.</p>
 <p>The token was trading at $4.20 on Oct. 14, marking a continuation of a two-day rally that saw the governance asset ascend to its highest price since May.</p>
 <p>At present, BarnBridge is trading near its five-day high of $3.22. With the cryptocurrency 9.93% off its highest point and 80.47% higher than its five-day low of $1.61, BOND is in a potentially volatile position should the rally lose momentum.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-futures-launches-perpetual-contract-with-50x-leverage-tbt66437.html">https://thebittimes.com/binance-futures-launches-perpetual-contract-with-50x-leverage-tbt66437.html</a></p>

Binance Futures launches perpetual contract with 50x leverage

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