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Binance Futures Lists CUDISUSDT Perpetual Contract With 50x Leverage

Binance Futures Lists CUDISUSDT Perpetual Contract With 50x Leverage

Bitget introduces MITOUSDT futures trading with up to 50x leverage and supports futures trading bots, further expanding its derivatives offerings.

USDT

Fact Check
The statement is confirmed by a primary source, a Binance announcement, which states that Binance Futures will list the CUDISUSDT perpetual contract. Multiple reputable secondary sources, including Wu Blockchain and Chaincatcher, corroborate this information and specifically mention that the contract offers up to 50x leverage. The evidence is consistent and comes from credible sources.
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Summary

Bitget has launched MITOUSDT futures trading with a maximum leverage of 50x and support for trading bots. The contract is settled in USDT, with a tick size of 0.00001 and funding fees settled every four hours. Trading is available 24/7, with parameters subject to adjustments based on market conditions.

Terms & Concepts
  • Futures Trading: A type of derivatives trading where contracts are used to buy or sell an asset at a predetermined price at a future date.
  • Leverage: A financial tool that allows traders to control larger positions with a smaller amount of capital, magnifying both potential gains and losses.
  • USDT: Tether, a stablecoin pegged to the US dollar, commonly used in crypto trading pairs and derivatives.