Binance has announced the introduction of the HIVE Perpetual Contract on Binance Futures. This new trading option, which kicks off today (Dec. 23, 2024), will provide users with a better trading experience. Traders will have an opportunity to gain up to 75x via this option.
The exchange stated that the HIVE/USDT contract will support multi-asset mode, which will allow Binance to use other cryptocurrencies. For example, a user can use Bitcoin (BTC) as a margin with an active Multi-Asset Mode when trading this perpetual contract.
Further, the exchange clarified that the maximum funding rate for the perpetual contract will be capped at +2.00% / -2.00%. Settlement of the funding fee will take place every four hours.
HIVE Price Analysis
With the new addition of the HIVE Perpetual Contract on Binance, the coin could experience more retail and institutional interest. The coin briefly surged to $0.4085,…
