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Cryptocurrency exchange Binance Lists BEAMX In Futures Transactions
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Cryptocurrency Exchange Binance Lists BEAMX In Futures Transactions

Binance Futures, a leading platform in the cryptocurrency derivatives market, announced that it will list BEAMX. The proceedings are planned to start at 16:30 on 17-11-2023.

Binance Lists BEAMX in Futures with 50x Leverage

Here are the key details about the BEAMXUSDT Perpetual Contract:

  • Start Time: Trading for the BEAMXUSDT Perpetual Contract will begin at 16:30 on 17-11-2023.
  • Leverage: Traders can enjoy up to 50x leverage on the BEAMXUSDT Perpetual Contract.
  • Funding Rate: At launch, the maximum funding rate for the BEAMXUSDT Perpetual Contract was set at +2.00%/-2.00%.
  • Funding Fee Settlement: Funding fee payments will occur every four hours.

Depending on market risk conditions, Binance reserves the right to adjust various aspects of the BEAMXUSDT Perpetual Contract. These adjustments may include funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.

Read Also: Binance Announces Support for Terra Classic (LUNC) Network Upgrade

Users have the flexibility to trade the BEAMXUSDT Perpetual Contract across multiple collateral assets, subject to applicable collateral deductions.

Enabling Multi-Asset Mode allows users to use assets such as BTC as margin when trading on the BEAMXUSDT Perpetual Contract.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.