Cryptocurrency

Heroes of Mavia

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-launches-new-contracts-for-mavia-cryptocurrency/" data-wpel-link="internal">Binance Launches New Contracts for MAVIA Cryptocurrency</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market moves by <a href="https://en.coin-turk.com/binance-and-sec-reach-agreement-only-binance-us-to-access-customer-funds/" data-wpel-link="internal">Binance</a> continue with a new step for an altcoin. Accordingly, Binance has announced that perpetual contracts with up to 50x leverage for the cryptocurrency MAVIA will start at 13:00 Turkey time. Binance has not yet listed MAVIA for spot trading on the cryptocurrency exchange.</p> 
<h2 style="text-align: justify" id="key-details-of-the-mavia-perpetual-contract">Key Details of the MAVIA Perpetual Contract</h2> 
<p style="text-align: justify">Cryptocurrency exchange Binance has also revealed details for <strong>MAVIA</strong>. The details include:</p> 
<ul style="text-align: justify"> 
 <li>Contract Name: MAVIAUSDT</li> 
 <li>Launch Time: 21 February at 13:00 Turkey time</li> 
 <li>Underlying Asset: Heroes of Mavia (MAVIA)</li> 
 <li>Settlement Asset: <a href="https://coin-turk.com/kripto-para-endustrisi-icin-buyuk-tehdit-en-buyuk-ucuncu-altcoinden-aciklamalar" data-wpel-link="internal">USDT</a></li> 
 <li>Tick Size: 0.0001</li> 
 <li>Capped Funding Rate: +2.00% / -2.00%</li> 
 <li>Funding Fee Settlement Frequency: Every Four Hours</li> 
 <li>Maximum Leverage: 50x</li> 
 <li>Trading Hours: 24/7</li> 
 <li>Multi-Asset Mode: Supported</li> 
</ul> 
<p style="text-align: justify">During the launch, cryptocurrency exchange <strong>Binance</strong> emphasized that the maximum funding rate for the MAVIAUSDT Perpetual Contract is +2.00% / -2.00%. It also noted that funding fees are paid every four hours.</p> 
<h2 style="text-align: justify" id="other-mavia-details">Other MAVIA Details</h2> 
<p style="text-align: justify">Binance stated that qualified USDⓈ-margined futures liquidity providers have the right to receive a 0.005% maker fee rebate for transactions in the MAVIAUSDT Perpetual Contract for approximately 14 to 15 days.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-317452 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/mavia-coin-turk-com-.png" alt="" width="1600" height="900"></p> 
<p style="text-align: justify">Binance also highlighted that it reserves the right to adjust the features of the <strong>MAVIAUSDT</strong> Perpetual Contract, including funding fees, tick sizes, maximum leverage, initial margin, and/or maintenance margin requirements, depending on market risk conditions.</p> 
<p style="text-align: justify">Referring to the Multi-Asset Mode, Binance mentioned that it gives users the authority to trade in the MAVIAUSDT Perpetual Contract using multiple collateral assets. For example, when Multi-Asset Mode is enabled, investors can use BTC as collateral while participating in MAVIAUSDT Perpetual Contract transactions. Lastly, let’s remember that MAVIA is an altcoin project supported by Binance Labs.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-launches-new-contracts-for-mavia-cryptocurrency/" data-wpel-link="internal">Binance Launches New Contracts for MAVIA Cryptocurrency</a></h5>

Binance Launches New Contracts for MAVIA Cryptocurrency

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