Ah, traders, those restless souls, are now able, or so they believe, to access a DEEPUSDT perpetual contract. Leverage of up to 50x, they say. One can only imagine the depths of their despair when it all goes wrong. Such optimism! 🙄
The contract, forever tethered to the USDT stablecoin, like a peasant to his lord, and linked to the DeepBook token (DEEP), shall commence its fleeting existence at 11:30 AM UTC. A grand spectacle, no doubt. It will then be absorbed into Binance’s Futures Copy Trading feature, within a day. Users, those eager sheep, can then imitate the “strategies” of the so-called top-ranked futures traders. A comedy in the making. 🎭
Important details, like whispers in the wind: a four-hour funding interval and a funding rate cap set between +2.00% and -2.00%. Numbers, numbers, who can truly understand them? 🤔
This addition follows DeepBook’s recent appearance on Binance Spot and South Korea’s Upbit exchange. DeepBook, born from the loins of the Sui blockchain ecosystem, pretends to be a decentralized liquidity engine. Its noble aim? To make DeFi markets more… efficient. By reducing fragmentation, naturally. As if markets ever cared for efficiency. 😒
This move, another step in Binance’s never-ending quest to expand its derivatives catalog, particularly in these feverish markets. High-leverage contracts are in demand, they say. Yes, and so is a good samovar. ☕
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2025-04-23 09:11