Binance Futures announced a LINK/USD coin-margined perpetual contract, that commences on the 25/08/2020 7:00 AM (UTC). The LINK/USD coin-margined perpetual contract is a futures contract that uses DOT as collateral and will allow users to select anywhere between 1x to 75x.
This is very big news for all traders, if you are not signed up to Binance yet this is a great time to do so https://www.binance.com/en/futures/ref/38035450
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Leverage and margin of Coin-Margined futures
On Binance Futures, traders have anywhere between 20-125x leverage on the Coin-M futures contracts. This is determined by the notional value of their position. Generally, the larger the position, the lower the leverage allowed.
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Binance have advised a few important things on their website that you should note: If you are a VIP in the spot market you are also a VIP on the futures trading market.
They have also mentioned Futures fee tiers mirror the spot market but are generally lower; please note the volume requirement for each VIP tier is 5 times that of the spot market due to leverage provided.
Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.
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