Biswap

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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Binance Futures launched BSWUSDT Perpetual Contract today.</li> 
 <li>Ahead of listing, BSW price spiked and it’s now up by 8% today.</li> 
</ul> 
<p>In an official announcement, Binance revealed the launch of BSWUSDT Perpetual Contract on Binance Futures earlier today, with up to 75x leverage.</p> 
<p>Binance Futures has been launching Perpetual Contracts at a faster pace than ever in an effort to expand the list of trading choices offered by the platform and enhance users’ trading experience.</p> 
<h2 id="bswusdt-perpetual-contract-details">BSWUSDT Perpetual Contract Details</h2> 
<p>Here are the official details about the launch of BSW Perpetual Contract on Binance Futures:</p> 
<ul> 
 <li>Launch time was at 6:00 (UTC) today.</li> 
 <li>The underlying asset is Biswap (BSW).</li> 
 <li>The settlement asset is USDT.</li> 
 <li>The tick size is 0.00001.</li> 
 <li>The capped funding rate is +2%/-2%.</li> 
 <li>The funding fee settlement frequency is every four hours starting at 08:00 (UTC) today.</li> 
 <li>Trading hours are 24/7.</li> 
 <li>Multi-Asset Mode is supported.</li> 
</ul> 
<p>According to the <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-bsw-perpetual-contract-with-up-to-75x-leverage-8313dd4c2dcd4285806f9b57c063154a?hl=en" rel="nofollow noopener" target="_blank">official announcement</a>, Binance may adjust the specifications of the futures contract mentioned above from time to time. The specifications subject to potential adjustments include the following:</p> 
<ul> 
 <li>Funding fee</li> 
 <li>Tick size</li> 
 <li>Maximum leverage</li> 
 <li>Initial margin</li> 
 <li>Maintenance margin requirements</li> 
</ul> 
<p>The Multi-Asset Mode allows users to trade the BSWUSDT Perpetual Contract across multiple margin assets. For instance, when the Multi-Asset Mode is activated, users can use BTC as margin when trading the futures contract mentioned above.</p> 
<p>The Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service.</p> 
<h2 id="what-is-biswap-bsw">What is Biswap (BSW)?</h2> 
<p>Biswap (BSW) is a decentralized exchange for BEP-20 tokens on Binance Smart Chain (BSC). Biswap team promises the lowest transaction fees of any BCS exchange at 0.1% and vows to be committed to innovation for DeFi via its high-quality products and services.</p> 
<p>Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.</p> 
<p>Biswap’s core products include the following:</p> 
<ul> 
 <li>Standard DEX functions: AMM, liquidity pools, yield farming</li> 
 <li>A NFT marketplace</li> 
 <li>An IDO launchpad</li> 
</ul> 
<p>Biswap’s roadmap includes the following:</p> 
<ul> 
 <li>Listing on major exchanges</li> 
 <li>Improvements in its NFT marketplace</li> 
 <li>Cross-chain support</li> 
 <li>Limit orders</li> 
 <li>Lending and borrowing</li> 
 <li>Personal user dashboard</li> 
 <li>Swap referral program</li> 
</ul> 
<p>Just ahead of the listing of BSW Perpetual Contract by Binance Futures, BSW token surged significantly. Earlier, the coin’s price spiked at $0.09 and it’s now trading at $0.08, up by 8%.</p> 
<figure id="attachment_49985" aria-describedby="caption-attachment-49985" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/BSW_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-49985 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/BSW_1D_graph_coinmarketcap.jpeg" alt="BSW price in USD today" width="1200" height="800" title="Binance Futures Launched BSW Perpetual Contract Today 13"></a>
 <figcaption id="caption-attachment-49985" class="wp-caption-text">
  BSW price in USD today
 </figcaption>
</figure> 
<p>At the moment, <a href="https://crypto.ro/en/cryptocurrencies/biswap/">BSW</a> has a total market cap of over $42 million.</p>

Binance Futures Launched BSW Perpetual Contract Today

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