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Binance Launches Perpetual Contract Based on USDC 1-30 Times U-Standard

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Binance Launches Perpetual Contract Based on USDC 1-30 Times U-Standard

According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time.

Binance will go online at 1: 00 today for USDC 1-30 times U standard perpetual contract trading

Analysis based on this information:


On March 13, 2023, Binance made an announcement that it would launch a new USDC 1-30 times U-standard perpetual contract. This move is the latest in the company’s ongoing efforts to expand and diversify its offerings in the world of crypto trading.

For those who are unfamiliar with perpetual contracts, they are a type of futures contract that provides traders with the ability to buy or sell an underlying asset at a fixed price over an extended period of time. In other words, a perpetual contract never expires.

The USDC 1-30 times U-standard is a unique type of perpetual contract. It is based on the USDC stablecoin, which is pegged to the US dollar. However, unlike other USDC-based perpetual contracts, the USDC 1-30 times U-standard allows traders to leverage their positions up to 30 times.

This means that traders can potentially earn higher returns on their investments, but they also face higher risks due to the increased volatility. Moreover, it is worth noting that users of the new product need to strictly follow the risk management mechanism set out by the platform to avoid unnecessary losses.

Binance is one of the largest cryptocurrency exchanges in the world, with a daily trading volume of more than $10 billion. The company has been making efforts to expand into new markets, including the US, but it has faced regulatory hurdles and legal challenges in some jurisdictions.

The launch of this new product is expected to attract more users to Binance’s platform, as it offers a unique type of perpetual contract that is not found in other exchanges. Moreover, it shows the company’s commitment to innovation and diversification, which is necessary to stay competitive in the fast-moving crypto market.

In conclusion, the launch of the USDC 1-30 times U-standard perpetual contract is a significant development for both Binance and the larger crypto industry. It offers traders a new way to invest in digital assets while providing greater flexibility and potentially higher returns. However, as with any investment, individuals must conduct their own due diligence and consider their own risk tolerance before making any decisions.

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