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Binance Launches XVS 1-20 Times U-Standard Perpetual Contract

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On April 12th, according to official news, Binance will launch the XVS 1-20 times U-standard perpetual contract at 10:30 on April 13th.
Binance will launch XVS 1-20 times U-standar

Binance Launches XVS 1-20 Times U-Standard Perpetual Contract

On April 12th, according to official news, Binance will launch the XVS 1-20 times U-standard perpetual contract at 10:30 on April 13th.

Binance will launch XVS 1-20 times U-standard perpetual contract

Binance, the world’s largest cryptocurrency exchange by trading volume, has recently announced the launch of a new product – the XVS 1-20 times U-standard perpetual contract. This trading instrument is set to debut on April 13th, at 10:30 AM, according to official news. In this article, we will take a closer look at what this new contract is all about, how it works, and what its potential benefits and drawbacks are.

What is the XVS 1-20 Times U-Standard Perpetual Contract?

The XVS 1-20 times U-standard perpetual contract is a new derivative trading product launched by Binance Futures. It is based on the Venus (XVS) cryptocurrency, which is a decentralized finance (DeFi) platform built on the Binance Smart Chain. This contract will allow traders to speculate on the price of Venus (XVS) with up to 20 times leverage.
The contract is “perpetual” in nature, meaning that it has no expiry date. Unlike traditional futures contracts, there is no need to roll over positions or settle contracts on a specified date. This makes perpetual contracts much more flexible and convenient for traders.

How Does the XVS 1-20 Times U-Standard Perpetual Contract Work?

The XVS 1-20 times U-standard perpetual contract works in a similar way to other perpetual contracts offered by Binance Futures. Traders can go long (buy) or short (sell) on the price of Venus (XVS) with up to 20 times leverage. This means that if a trader deposits 1 BTC as collateral, they can open a position worth up to 20 BTC.
The contract uses a “cross” margin system, meaning that the margin required for a position is calculated based on the total account balance rather than the position size. This can help to prevent liquidations and margin calls in volatile market conditions.

What Are the Benefits and Risks of Trading the XVS 1-20 Times U-Standard Perpetual Contract?

Trading the XVS 1-20 times U-standard perpetual contract can offer several potential benefits, such as:
– High leverage: Up to 20 times leverage can amplify potential profits (or losses) from price movements.
– Low fees: Binance Futures offers some of the lowest trading fees in the industry, which can help to maximize profits.
– No expiry date: The contract is perpetual, meaning there is no need to worry about contract expiration or rolling over positions.
However, trading the XVS 1-20 times U-standard perpetual contract also comes with some notable risks, including:
– Volatility: Cryptocurrency markets are notoriously volatile, and leveraged trading can amplify this volatility, leading to significant losses if the market moves against a position.
– Liquidation risk: If the market moves too far against a position, the trader’s collateral may be liquidated, resulting in a total loss of funds.
– Technical risks: Like any trading instrument, the XVS 1-20 times U-standard perpetual contract carries a risk of technical glitches or errors, which could result in losses.

Conclusion

Binance’s new XVS 1-20 times U-standard perpetual contract offers traders a new way to speculate on the price of Venus (XVS) with up to 20 times leverage. While this trading instrument comes with its own set of benefits and risks, it may be a suitable choice for experienced traders looking to take advantage of the current cryptocurrency market conditions.

FAQ’s

1. What is Venus (XVS) and how does it differ from other cryptocurrencies?
Venus (XVS) is a DeFi platform built on the Binance Smart Chain that allows users to borrow, lend, and earn interest on crypto assets. It differs from other cryptocurrencies in that it is designed specifically for use within the DeFi ecosystem.
2. What is the difference between a perpetual contract and a traditional futures contract?
A perpetual contract has no expiry date, while traditional futures contracts have a fixed expiration date. Perpetual contracts also use a “funding rate” to keep the contract’s price in line with the underlying asset’s price, while traditional futures contracts settle at a predetermined price on the expiration date.
3. What risks should I be aware of when trading the XVS 1-20 times U-standard perpetual contract?
Trading the XVS 1-20 times U-standard perpetual contract carries risks such as volatility, liquidation risk, technical glitches, and more. It’s important to thoroughly understand these risks before entering into any leveraged trading position.

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