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Binance Announces USDⓈ-M MAVIA Perpetual Contract and Starknet (STRK) Integration – Crypto News

Published

1 year ago

February 21, 2024

Dripp

Binance, a leading cryptocurrency exchange platform, continues to innovate and expand its offerings to enhance user experience. In its latest developments, Binance has announced the launch of the USDⓈ-M MAVIA Perpetual Contract and the integration of Starknet (STRK) into its platform.

These updates signify Binance’s commitment to providing users with diverse trading options and access to new assets. The introduction of the MAVIA Perpetual Contract and the inclusion of STRK demonstrate Binance’s efforts to cater to the evolving needs of the crypto community.

Binance Futures: USDⓈ-M MAVIA Perpetual Contract

Binance is dedicated to enriching trading options and improving user experience within its Futures platform. As part of this commitment, Binance is introducing the USDⓈ-M MAVIA Perpetual Contract, aimed at providing traders with enhanced flexibility and opportunities. The contract is set to launch on 2024-02-21 at 10:00 (UTC) and will be based on the Heroes of Mavia (MAVIA) token, offering traders exposure to this underlying asset.

Settlements will be conducted in USDT, ensuring straightforward and convenient transactions for participants. With a maximum leverage of 50x, traders can amplify their positions and potentially increase their returns. This high leverage, combined with 24/7 trading hours, allows for around-the-clock access to trading opportunities, catering to the diverse needs and preferences of users across different time zones.

Funding fees, an integral aspect of perpetual contracts, will be settled every four hours, providing traders with regular updates on costs and ensuring transparency in fee structures. Traders can also benefit from the multi-assets mode, which allows for the use of various margin assets, such as BTC, subject to applicable haircuts. This feature enhances flexibility and enables traders to optimize their strategies based on market conditions and asset preferences.

Also Read: STRK Price: Binance to List Starknet (STRK) and Support Distribution for ETH Staking Users

Binance Simple Earn and Binance Convert: STRK Integration

Binance is thrilled to announce the seamless integration of Starknet (STRK) across its diverse platforms, marking a significant step forward in broadening the array of trading opportunities available to users. This integration is poised to streamline access to STRK, offering enhanced convenience and flexibility for traders across the Binance ecosystem.

Within Binance Simple Earn, users can now explore the enticing world of STRK Flexible Products, unlocking a spectrum of earning potentials while enjoying the simplicity and accessibility characteristic of the platform. This expansion enriches the range of earning avenues, empowering users to tailor their investment strategies to suit their preferences and financial goals. Meanwhile, on Binance Convert, the addition of STRK introduces a new dimension to trading possibilities.

Traders can seamlessly engage in STRK transactions against a backdrop of various supported trading pairs, including popular options like BTC, USDT, and other tokens, all without incurring any trading fees. This frictionless trading experience facilitates swift and cost-effective asset management for users.

For derivatives enthusiasts, Binance Futures is set to introduce the USDⓈ-M STRK Perpetual Contract, offering traders the opportunity to capitalize on STRK with leverage. Scheduled for launch on 2024-02-20 at 17:00 (UTC), this contract will encompass essential details such as the underlying asset (Starknet), settlement asset (USDT), maximum leverage (50x), and continuous trading availability (24/7), among others.

Also Read: MAVIA Price Jumps 33% Amid Bitget Listing and Token Airdrop