#Binance recently shared a new announcement on its official website. In its latest announcement text, Binance announced that it will list the #Altcoin named Maverick Protocol (MAV) in futures transactions.
Binance, which has pre-saled MAV in the past, said that it will list it on the spot exchange as of yesterday. As of now, Binance says it has added MAV to futures trading with 20 leverage.
Binance included the following words in its last announcement text:
“BINANCE FUTURES WILL LAUNCH USDⓈ-M MAV PERMANENT CONTRACT AT 2023-06-29 15:00 (UTC) WITH UP TO 20X LEVERAGE.”
“MORE DETAILS ABOUT THE MAV-USDT PERMANENT CONTRACT CAN BE FOUND IN THE TABLE BELOW:”
Binance may adjust the specifications of the MAV-USDT Perpetual Contract, including its requirements such as tick size, maximum leverage, initial margin and/or maintenance margin, from time to time depending on market risk conditions.
Multi-Asset Mode allows users to trade the MAV-USDT Perpetual Contract across multiple margin assets, subject to applicable breakouts.
For example, when Multi-Asset Mode is enabled, users can use BTC as collateral when buying or selling the MAV-USDT Perpetual Contract.
MAV, which debuted on Binance at 11:00 CEST, is currently trading at $0.58, even though it dropped to $1.98.
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