Binance Futures Launches QTUM/USDT Perpetual Contracts With 50x Leverage

By AymT On Feb 19, 2020

Binance has announced that they will soon be offering traders access to up to 50x leverage on the token QTUM. In the announcement, the company stated that the QTUM / USDT perpetual contracts will begin trading on 20 Feb 2020 from 08:00 AM (UTC) and users will be able to select the leverage they want ranging from a minimum of 1x up to a maximum of 50x.

@Binance Futures Will Launch @qtum $QTUM/USDT Perpetual Contract With Up to 50x Leveragehttps://t.co/uLaXEPuMPQ pic.twitter.com/lhmbHcXgLD

— Binance (@binance) February 19, 2020

Binance has started to take a precautionary measure in order to ensure that there would no market manipulation post the launch of the Futures product. The platform would be implementing a “pricing limit of ±1% on the mark price” within the first 15 minutes of post-trading. This move may have been a result of the exchange being drawn to the drastic price rise of certain cryptos, after announcing support for them on its platform.

Qtum (pronounced Quantum) is a Turing-complete blockchain protocol that powers smart contracts and decentralized applications. Qtum is a fork of Bitcoin, fitted with an account abstraction layer that is interoperable with other Turing-complete virtual machines. Qtum uses a proof-of-stake consensus algorithm and leverages Bitcoin’s tested UTXO model. Qtum combines the best features of Bitcoin and Ethereum to deliver a performant value transfer and smart contract layer.

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