Binance Introduces New Perpetual Contracts with High-Leverage Options

Binance, the world’s largest cryptocurrency exchange, is set to introduce new perpetual contracts with high-leverage options on its futures trading platform. The ARB/USDC and NEO/USDC contracts will offer up to 50x leverage, while FIL/USDC will allow up to 75x leverage. These new options will be available to traders starting April 18.

Despite these exciting additions, the cryptocurrencies involved in these contracts are currently facing declines in a generally falling market. ARB is down 8%, NEO has retraced by 13%, and FIL has lost around 6% of its valuation.

This is not the first time Binance has made changes to its platform. In March, the exchange delisted Monero (XMR) and three other altcoins, while adding new assets like Filecoin (FIL) and NEAR Protocol (NEAR) to its loanable assets. Binance has also recently added new loanable assets and trading services for various cryptocurrency pairs.

Overall, Binance continues to make updates and enhancements to its platform to provide users with a better trading experience. Despite the market challenges, the exchange remains committed to offering a wide range of options for cryptocurrency traders.