Binance Futures To Increase Maximum Leverage on BNB Contract to 75x

66

Binance Futures will increase the maximum leverage on the BNB USDT-margined perpetual contract to 75x beginning 2020/09/14 6:00 AM (UTC). Users can now select any leverage between 1x and 75x.

Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.

Earlier, Binance Coin (BNB) has surprised everyone in the market when it registered a price increase of almost 16% in the last 24 hours. The virtual currency was able to surpass Bitcoin Cash (BCH) as the 7th largest cryptocurrency in the world. Now it is very close to Chainlink (LINK) and Polkadot (DOT).

Binance Coin (BNB) has surprised everyone in the market when it registered a price increase of almost 16% in the last 24 hours. The virtual currency was able to surpass Bitcoin Cash (BCH) as the 7th largest cryptocurrency in the world. Now it is very close to Chainlink (LINK) and Polkadot (DOT).

One of the main reasons behind this price increase could be related to the Binance Smart Chain (BSC) launch a few days ago. This blockchain network that aims at supporting smart contracts and also the staking of BNB tokens. Users can become validators and gather BNB tokens on this new blockchain network.