Leading cryptocurrency exchange Binance lists JTO.
Binance Futures Launches USDⓈ-M JTO Perpetual Contract with Up to 50x Leverage
The new perpetual contract is scheduled to go live at 13:00 on December 8, 2023, offering investors additional opportunities to strengthen their positions.
The key features of the JTOUSDT Perpetual Contract are:
Leverage: Up to 50x leverage will be available, allowing investors to increase their exposure to market movements.
Funding Rate: The maximum funding rate of the JTOUSDT Perpetual Contract at launch was set at +2.00% / -2.00%. Funding rates play a crucial role in perpetual contracts and determine the costs or benefits for investors holding positions.
Funding Fee Settlement: The funding fee settlement frequency for the JTOUSDT Perpetual Contract is every four hours, allowing for regular adjustments based on market conditions.
Additionally, qualified liquidity providers for USDⓢ margin futures will enjoy special benefits. Eligible providers will be able to receive a 0.005% maker fee refund on trades on the JTOUSDT Perpetual Contract for approximately 14 to 15 days.
*This is not investment advice.
Read the full article here
