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Binance Futures to List MSFTUSDT, AVGOUSDT and BABAUSDT USDT-Margined Perpetual Contracts

According to Binance Futures’ official announcement, the exchange will launch three USDT-margined perpetual contracts on April 20 with up to 10x leverage tied to Microsoft, Broadcom and Alibaba ADR prices.

USDT

Summary

Binance Futures said in an official announcement that it will list MSFTUSDT, AVGOUSDT and BABAUSDT USDT-margined perpetual contracts. The contracts are scheduled to launch on April 20 and will offer leverage of up to 10x. According to the announcement, the products will track the ADR prices of Microsoft, Broadcom and Alibaba, with USDT used as the settlement asset.

Terms & Concepts
  • Perpetual contracts: Derivative contracts with no expiration date, allowing traders to maintain positions continuously while gaining exposure to price movements.
  • USDT: A U.S. dollar-pegged stablecoin commonly used as a margin and settlement asset in crypto derivatives trading.
  • Leverage: A mechanism that allows traders to control larger positions with less capital, increasing both potential gains and losses.