On September 27, 2024, at 14:00 Turkish time, Binance Futures announced the launch of futures trading for the altcoin REI Network (REI) to broaden its trading options and enhance user experience. The new trading pair, REIUSDT, will be available with leverage of up to 75 times.
Key Information About REIUSDT Contract
The maximum funding rate for the new REIUSDT perpetual futures contract will be set at 2.00% upon launch, subject to fluctuations in both positive and negative directions. The funding fee will be calculated and deducted from investors every four hours, allowing them to monitor funding costs in a more regular and predictable manner while keeping their positions open.
Offering leverage of up to 75 times for REI provides high profit potential but also increases associated risks. Therefore, it is advised that users exercise caution in leveraged trading and implement risk management strategies carefully.
REI Price Surges
Following the announcement of Binance Futures’ new futures contract, the price of REI coin experienced a rapid increase. According to data from CoinMarketCap, the altcoin surged more than 20% in a short period, reaching $0.074.
Such announcements usually lead to sudden price movements in the market. Therefore, it is crucial for investors to manage their positions carefully and avoid falling victim to FOMO when trading REI coin.
