Cryptocurrency exchange Binance has announced that their futures platform will launch the USDⓈ-M XVS perpetual contract with up to 20x leverage. USDⓈ-M stands for ‘United States Dollar Standard Margined Product’. XVS is a synthetic derivative of the USD. Binance Futures announced the XVS-USD perpetual contract with up to 20x leverage on March 17.

The perpetual contract of XVS-USD on the Binance Futures platform, which goes live on March 22, offers up to 20x leverage and is available for purchase, closure, and margin swapped. Binance Futures, which enables traders to speculate on the future of assets, such as digital currencies, commodities and equities, already offers similar contracts such as BTC-USD, ETH-USD, etc.

The USDⓈ-M XVS perpetual contract expands the list of available markets, while simultaneously opening up the opportunity for traders to explore riskier markets. XVS tokens are versatile and be traded according to the asset’s expectations, allowing traders to earn returns when the market’s price rises or falls. This is highly attractive to investors and traders alike, as they can benefit from both downward and upward market trends.

Additionally, the margin of up to 20x leverage allows traders to enter larger deals while risking less. However, it is recommended to exercise caution while investing through margin trading, as the margin itself amplifies both profits and losses. With this new perpetual contract, Binance Futures continues to be a preferred futures trading platform for crypto-traders.

The launch of the USDⓈ-M XVS perpetual contract on Binance Futures is significant for cryptocurrency traders who wish to explore more risky markets for more substantial returns. The up-to 20x leverage margin allows traders to enter larger deals and benefit from both upward and downward market trends. It is highly recommended to exercise caution practice safe margin trading with the understanding that greater profits come with greater risks. The perpetual contract of XVS-USD on offers traders an opportunity to test out the waters and experience the full potential of the cryptocurrency market with the added protection of Binance as an experienced intermediary.



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