Binance has launched futures trading for Bitcoin altcoins.

One of the leading cryptocurrency exchanges in the world, Binance, is coming to the forefront with a new development that has caught the attention of investors. On Friday, November 21, the exchange announced that it will launch the Tether (USDT) margin perpetual futures contract for Build on Bitcoin (BOB). The BOBUSDT contract was opened for trading at 13:45 Turkish time.

Build on Bitcoin aims to create an important gateway in the decentralized finance (DeFi) space within the Bitcoin ecosystem. The goal of this project is to provide real use cases for Bitcoin, the largest digital asset. Currently listed on the Binance Alpha Market, BOB is attracting investors' attention.

Binance announced that it will offer a maximum leverage of 20x for the BOBUSDT contract. Additionally, it was stated that the funding rates will be updated every 4 hours and that these rates will range between %2.00 and +%2.00. It was also mentioned that the right to make changes to leverage ratios, collateral requirements, and trading limits depending on market conditions is reserved.

Binance emphasized that this futures contract supports the Multi Assets Mode feature. Thus, users will be able to trade using different collateral assets such as Bitcoin in the contract. All these innovations offer new opportunities for investors while allowing for the diversification of trading strategies.

Lastly, Binance announced that the BOBUSDT contract will be included in the Binance Futures New Listing Fee Promotion and will be accessible through the Futures Copy Trading option within 24 hours after the launch. This will allow investors to trade with more options.