In a groundbreaking move set to redefine the crypto trading landscape, Binance Futures is gearing up to launch the highly anticipated USDT-M ETHW Perpetual Contract on November 28, 2023, at 12:30 (UTC). This addition to the Binance Futures portfolio promises traders an exhilarating experience with an unprecedented leverage of up to 50x, unlocking exciting opportunities for enhanced flexibility and potential returns.

The news of the impending launch had an immediate impact on the crypto market, particularly on the price of EthereumPoW (ETHW). Within a matter of hours post-announcement, the EthereumPoW (ETHW) price skyrocketed. As of the latest update, ETHW is trading at $2.93, reflecting a remarkable 14.62% gain in the last 24 hours and an impressive 81.14% surge in the last 7 days, firmly establishing itself as one of the top gainers in the crypto arena.

This strategic move by Binance follows closely on the heels of the successful launch of the USTCUSDT perpetual contract, boasting features akin to its upcoming counterpart.

Binance Futures ETHW Features And Offers:

The USDT-M ETHW Perpetual Contract operates with ETHW (Ethereum proof-of-work) as the underlying asset and USDT as the settlement asset. Offering uninterrupted availability 24/7, this perpetual contract ensures traders have continuous opportunities to engage with the market. The precision-focused tick size of 0.001 adds an extra layer of accuracy to trade execution.

A standout feature of the Perpetual Contract is its capped funding rate, fluctuating between +2.00% to -2.00%. This rate is settled every four hours, injecting an element of predictability into trading strategies. Traders can also capitalize on the all-encompassing 24/7 trading hours, providing a platform for global market participation.

Liquidity providers trading on the USDT-M Contract are in for a treat, with a 0.005% maker fee rebate for approximately 14 to 15 days. Post this incentive period, maker fee reimbursements will be determined based on the user’s tier in the USDT-margined Futures Liquidity Provider Program. This strategic move aims to boost liquidity and recognize the contribution of active market participants.

A notable feature enhancing flexibility is the introduction of the multi-assets mode, allowing users to trade the ETHWUSDT Contract across various margin assets. Imagine the seamless experience of using Bitcoin as a margin while engaging in ETHWUSDT trades, signifying flexibility and diversification in a single move.

Adapting to Market Dynamics:

Binance’s decision to list a series of tokens exclusively available for futures trading has created a buzz in the crypto community. Tokens such as KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and ETHW have swiftly become the latest sensations following their recent listing on Binance.

Market analysts suggest that the driving force behind this strategic decision lies in the ability to generate fees without assuming undue responsibilities. Contract users, known for their robust risk tolerance, appear unfazed by market fluctuations, providing a lucrative avenue for fee generation. In contrast, spot users, accustomed to a more stable market, often express discontent during price drops.

It’s crucial for traders to note that, in response to market conditions, the contract is subject to changes. These changes might include funding fees, tick sizes, maximum leverage, and margin requirements. Traders are advised to stay updated with the latest announcements to navigate any adjustments seamlessly.

With the launch of the USDT-M ETHW Perpetual Contract, Binance Futures not only introduces a cutting-edge trading instrument but also provides traders with a dynamic and flexible platform, ushering in a new era of possibilities in the crypto trading sphere. This move reflects Binance’s commitment to staying at the forefront of innovation and providing traders with the tools they need to navigate the ever-evolving world of cryptocurrency.