World colossal exchange that is based in Malta, Binance, has announced the launch of IOTA perpetual contract on its popular futures trading platform.
As related in a report today, IOTA/USDT perpetual contract would be going live on Binance Futures trading platform tomorrow, February 12, 2020. Trading operation for the pair perpetual contract would be opening at around 08:00 AM (UTC) on the launch date, giving users the opportunity to select up to 50x leverage.
Earlier yesterday, Binance Futures trading platform introduced ONT/USDT perpetual contract, giving users of the token the same leverage option.
The perpetual contract lets users hold a position for an undetermined amount of time. The special kind of futures contract does not have an expiry period and it has similar pricing and settlement processes to trading pairs on the traditional spot markets.
Since the establishment of the platform, perpetual contract for different crypto trading pairs have been launched. Recently BNB/USDT, ATOM/USDT, XTZ/USDT, TRX/USDT, ETC/USDT, LINK/USDT, XLM/USDT, ADA/USDT and ZEC/USDT among other perpetual contracts were launched on Binance.
A total of 17 perpetual contracts have been launched on the Binance Futures trading platform.