Binance Futuresannounced that it will launch futures trading for the altcoin REI Network (REI) on September 27, 2024 at 14:00 ET in order to expand the trading options on its platform and improve the user experience. As the new trading party for futures transactions, REIUSDT will be available with up to 75x leverage.
Things to Know About the REIUSDT Agreement
New REIUSDT The maximum funding rate of the perpetual futures contract will be 2.00 percent at the time of launch. This rate may vary positively and negatively. Funding fee It will be calculated every four hours and collected from investors. In this way, investors will be able to monitor their funding costs in a more regular and predictable manner while keeping their positions open.
While offering up to 75x leverage for REI provides high earning potential, it also means that risks are increased. Therefore, users are advised to be careful when making leveraged transactions and carefully implement risk management strategies.
REI’s Price Rises
After Binance Futures announced its new futures contract REI coinThe price of has risen rapidly. According to data provided by CoinMarketCap altcoin It rose by over 20 percent in a short time, reaching up to $0.074.
Such announcements often cause sudden price movements in the market. Therefore, investors need to be careful and not get caught up in FOMO when managing positions in REI coin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
