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Reading: Binance Futures Launches MANTRA (OM) Futures Trading Today
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COINTURK NEWS > Binance > Binance Futures Launches MANTRA (OM) Futures Trading Today
Binance

Binance Futures Launches MANTRA (OM) Futures Trading Today

In Brief

  • Binance Futures to start OM futures with up to 50x leverage today.

  • Launch includes a max funding rate of +/- 2% for OMUSDT perpetual contracts.

  • MANTRA (OM) is a Layer 1 Blockchain addressing legal compliance in Cosmos.

COINTURK NEWS
COINTURK NEWS 1 year ago
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The world’s largest cryptocurrency exchange by trading volume, Binance, announced that its futures arm, Binance Futures, will launch futures trading for MANTRA (OM). Accordingly, Binance Futures will initiate OM futures trading today with leverage of up to 50 times.

Contents
OM Futures Trading Kicks Off Today on BinanceWhat is MANTRA (OM)?

OM Futures Trading Kicks Off Today on Binance

The giant cryptocurrency exchange Binance is preparing to launch futures trading for MANTRA’s OM on Binance Futures today at 17:00 TRT with leverage of up to 50 times, aiming to expand its trading options and enhance the trading experience for its users.

The maximum funding rate for the OMUSDT perpetual contract during the launch will be +/- 2%. The frequency of funding fee payments will be standard, occurring every four hours.

As known, Binance listed OM in March 2021 and started spot trading for the altcoin with OM/BTC, OM/BUSD, and OM/USDT trading pairs. With the Binance Futures move, the altcoin has now secured its place in Binance’s futures trading as well.

What is MANTRA (OM)?

MANTRA is a Layer 1 Blockchain based on the Cosmos SDK that addresses legal compliance gaps in the Cosmos ecosystem. Positioned as a “Blockchain for tokenized RWAs and regulated digital assets,” MANTRA offers a high-performance, scalable blockchain architecture that supports both unsupervised and regulated, compliant applications.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 13 February, 2024 - 8:51 am 13 February, 2024 - 8:51 am
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