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Binance Launches MYXUSDT and FUSDT Perpetual Contracts with 50x Leverage

MYX briefly surpassed 0.1 USDT, currently trading at 0.097 USDT with a 24-hour increase of 9%, following Binance's announcement to list MYX perpetual contracts.

Summary

MYX briefly surpassed 0.1 USDT, currently trading at 0.097 USDT with a 24-hour increase of 9%. This surge follows Binance's announcement to list MYX perpetual contracts, set to launch on June 18, 2025, allowing for 50x leverage.

Terms & Concepts
  • Perpetual Contracts: A type of futures contract that has no expiration date, allowing traders to hold positions indefinitely.
  • Leverage: The use of borrowed funds to increase potential returns on an investment, here offered at a maximum of 50 times.