Binance Futures Launches THETA/USDT Perpetual Contracts With 50x Leverage
Binance has announced that they will soon be offering traders access to up to 50x leverage on the token THETA. In the announcement, the company stated that the THETA / USDT perpetual contracts will begin trading on May 27 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 (@binance) May 26, 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.
The upcoming Mainnet 2.0 upgrade scheduled to begin on Wednesday, May 27
Theta had already made notable efforts in preparing for its mainnet upgrade, including entering into Japan’s media industry with its partnership with Japan’s Gumi Crypto, a Japanese-based market leader in blockchain and gaming.
In addition, the blockchain e-sports streaming platform had announced the launch of its THETA.tv app on Android devices, an initiative that was subsequently adopted by the famous tech giant, Samsung.
As reported, THETA.tv will be pre-installed on every Samsung flagship Galaxy S20 smartphones and made available on Samsung’s Daily platform.
The streaming app and Samsung’s Daily app will be upgraded to enable other Samsung devices, including Galaxy S10, S9, Note10, and Note9, to use Theta’s television service.
The blockchain-based app would allow users to earn TFUEL while streaming content and the rewards earned can be spent within Theta’s ecosystem.
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