Binance Set to Launch NEO/USDT Futures With Up to 50x Leverage
Cointelegraph
Published Feb 16, 2020 08:14AM ET
Updated Feb 16, 2020 10:02AM ET
Binance Set to Launch NEO/USDT Futures With Up to 50x Leverage
Major cryptocurrency exchange Binance announced that it is about to launch a new futures product tracking crypto asset NEO.
Per the announcement published on Feb. 16, the NEO/USDT futures will be launched on Feb. 17 and traders will be able to select leverage between 1x and 50x. The fees that the exchange imposes on trades of the contract in question are a 2% base initial margin rate, 1% base maintenance margin rate and a 0.5% liquidation fee.
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Written By: Cointelegraph
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