According to MGBX, the two perpetual futures (crypto derivatives without expiry) pairs will open at 18:00 SGT, with LAB offering up to 25x leverage and TAG up to 50x.
MGBX said it will list LABUSDT and TAGUSDT perpetual futures (crypto derivatives without expiry) at 18:00 SGT on May 4, 2026. The exchange stated that LABUSDT will support leverage (borrowed exposure for amplified trades) of up to 25x, while TAGUSDT will support up to 50x. Perpetual contracts are commonly used in crypto markets to speculate on price movements without a settlement date, and the announced leverage levels indicate different risk profiles for the two products.