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.
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.
