Cryptocurrency exchange Binance has announced the launch of a new product on its futures platform. According to an announcement, Binance Futures today launched the USDⓈmargin ROBOUSDT perpetual futures contract. The new contract will give investors up to 20x leverage.
The underlying asset of the ROBOUSDT contract is $robo Token, part of the Fabric Protocol ecosystem. The Fabric Foundation, which supports this project, aims to build a safe, open, and globally beneficial future in artificial intelligence and robotics.
The settlement assets of the contract are $USDTthe minimum transaction amount is 1 $robo Minimum denomination is 5 $USDT.
The price increment (tick size) is stated as 0.00001, and the upper and lower limits of the funding rate are between +2.00% and -2.00%. Fund disbursements occur every 4 hours. Transactions continue 24/7 and multi-asset mode is supported.
Binance said it may change contract features such as funding rates, maximum leverage, margin requirements, and price increments depending on market conditions. Additionally, the ROBOUSDT contract will be integrated into the futures copy trading system within 24 hours of launch.
*This is not investment advice.