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Binance Futures to Launch 50x Perpetual Contracts; Binance Alpha Lists New Tokens

Bitget introduced its XNYUSDT futures contract on August 13, 2025 (UTC+8), offering 50x leverage, bot support, and continuous trading, with market-driven adjustments to parameters like tick size.

USDT
USDC

Summary

Bitget launched its XNYUSDT futures trading contract on August 13, 2025 (UTC+8). The contract, based on the underlying asset XNY with USDT as the settlement currency, features a tick size of 0.000001, supports futures trading bots, and offers 50x maximum leverage. It operates 24/7 with funding fee settlements every four hours, with parameters subject to adjustments based on market conditions.

Terms & Concepts
  • Futures Trading: A market where participants agree to buy or sell an asset at a predetermined future date and price.
  • Leverage: The use of borrowed funds to increase trading exposure, amplifying both gains and risks.
  • Futures Trading Bots: Automated systems that execute trading strategies in futures markets without manual intervention.