Binance Futures Launches USDⓈ-Margined MOCAUSDT Perpetual Contracts with 75x Leverage

Binance Futures has announced the listing of a new trading product, the USDⓈ-Margined MOCAUSDT Perpetual Contracts, set to launch on December 16, 2024, at 14:30 (UTC). This new offering will provide traders with the opportunity to trade MOCA, the native token of the Moca Network, with leverage of up to 75x.

Key Features of the MOCAUSDT Perpetual Contract

The MOCAUSDT Perpetual Contract will be a USDⓈ-Margined product, allowing traders to access high leverage and trade using the MOCA token. Key features of this new contract include:

• Leverage: Up to 75x, enabling users to amplify their potential returns (and risks) on trades.
• Funding Rate: The funding rate will range between +2.00% and -2.00% at launch.
• Funding Fee Settlement: The funding fees will be settled every four hours.
• Multi-Asset Mode: Binance's Multi-Asset Mode feature allows users to trade the MOCAUSDT contract using multiple margin assets, including Bitcoin (BTC), adding flexibility for traders.
• Transparency: The contract address for the MOCA token is verified, listed as 0xf944e35f95e819e752f3ccb5faf40957d311e8c5, providing transparency and ensuring that investors can verify the contract's legitimacy.

Binance has also emphasized that, as part of its risk management strategy, certain aspects of the contract—including funding fees, confirmation sizes, maximum leverage, and collateral requirements—can be adjusted based on market conditions, ensuring flexibility and adaptability for users.

What is Moca Network?

The Moca Network is a blockchain project designed to provide innovative solutions in decentralized technology. With its listing on Binance Futures, Moca Network aims to expand its reach within the crypto ecosystem, offering increased utility for the MOCA token and greater exposure to global traders. This partnership with Binance Futures marks a significant milestone for Moca Network, as it looks to establish itself in the competitive world of decentralized finance (DeFi) and blockchain technology.

Binance’s Ongoing Efforts to Expand Product Offerings

The launch of the MOCAUSDT perpetual contract highlights Binance Futures' commitment to expanding its product offerings and enhancing the trading experience for its global user base. Binance continues to introduce new trading pairs and leverage opportunities, providing traders with more ways to diversify their portfolios and manage risk.

With the introduction of high-leverage products like the MOCAUSDT contract, Binance Futures is poised to attract both seasoned traders and newcomers to the crypto trading space. As always, Binance urges users to proceed with caution, keeping in mind the high-risk nature of leveraged trading.

Conclusion

The launch of the USDⓈ-Margined MOCAUSDT Perpetual Contracts with 75x leverage on Binance Futures is a significant addition to the platform’s trading offerings. As Moca Network seeks to increase its presence in the crypto space, this new product provides an exciting opportunity for traders to participate in the growth of the MOCA token while managing risk through Binance's advanced trading features.