Aergo

Cryptocurrency

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-introduces-aergo-futures-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Introduces AERGO Futures Trading</a><br></p>
<p style="text-align: justify">Cryptocurrency giant <a href="https://en.bitcoinhaber.net/philippines-sec-takes-action-against-binance-for-investor-protection" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> has expanded its futures trading portfolio by launching Aergo (AERGO) futures contracts. This new addition allows traders to leverage their positions up to 75x, promising substantial returns alongside heightened risks. The AERGOUSDT perpetual futures will be available for trading 24/7, offering a versatile multi-asset mode for funding futures accounts with various cryptocurrencies.</p>
<h2 id="what-are-the-key-features">What Are the Key Features?</h2>
<p style="text-align: justify">The AERGO futures contract, set to commence trading at 15:15 TSI, includes several noteworthy features. Investors can utilize up to 75x leverage, which amplifies potential gains but also increases exposure to risks. The contract will support continuous, round-the-clock trading and offer precise pricing with a tick size of 0.0001. Additionally, the multi-asset mode and cross-margin options provide users with extensive flexibility in managing their futures accounts.</p>
<h2 id="how-does-the-funding-rate-work">How Does the Funding Rate Work?</h2>
<p style="text-align: justify">A critical component of the AERGOUSDT perpetual futures contract is its controlled funding rate, which fluctuates between +/- 2.00% and is applied every four hours. This mechanism aims to minimize drastic price movements, ensuring the futures price closely tracks Aergo’s spot price. The funding fee will be automatically paid at four-hour intervals, adding an extra layer of stability to the trading environment.</p>
<h2 id="market-impact-and-investor-attraction">Market Impact and Investor Attraction</h2>
<p style="text-align: justify">Following <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">the announcement</a> of AERGO futures, the price of Aergo saw a significant increase. Key points include:</p>
<ul style="text-align: justify">
 <li>AERGO price surged over 30%, reaching a peak of $0.1109 before settling at $0.1077.</li>
 <li>Trading volume spiked by 1,500%, hitting $24.4 million.</li>
 <li>The new futures contract is expected to draw more <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> to Aergo.</li>
 <li>Support for a multi-asset mode and cross-margin options enhances trading flexibility.</li>
</ul>
<p style="text-align: justify">This initiative is part of Binance’s broader strategy to diversify its trading options, aiming to improve the user experience on its futures platform. The introduction of AERGOUSDT perpetual futures is likely to attract more attention to Aergo, particularly among investors interested in enterprise-focused blockchain solutions.</p>
<p style="text-align: justify">As Binance continues to innovate and expand its offerings, the cryptocurrency exchange remains a pivotal player in the digital asset market. The launch of AERGO futures underscores its commitment to providing diverse and flexible trading options to its user base.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/binance-introduces-aergo-futures-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Introduces AERGO Futures Trading</a></h5>

Binance Introduces AERGO Futures Trading

Table of Contents

BH NEWS

Other articles published on Sep 10, 2024

a16z Crypto Selects 21 Startups for Fall 2024 Accelerator Cohort

Metalpha Deposits Ethereum To Binance Amid ETH Price Recovery Signals

Top 4 Cardano Rivals to Turn $1 to $100 in September

Haru Invest CEO Stabbed During Court Hearing in South Korea

Toncoin Price Surge: Will Whales and New Projects Push TON to $8?

Starknet to Hold First Mainnet Community Governance Vote from September 10 to 13

Join our free newsletter for daily crypto updates!