Binance Futures Launches NEWTUSDT Contract With 5x Leverage

Binance Futures has expanded its trading options by introducing the NEWTUSDT perpetual contract, which focuses on AI-powered rollup strategies. This new contract allows traders to leverage their positions up to 5x, catering to both novice and experienced traders in the cryptocurrency market. The underlying asset, Newton Protocol (NEWT), is designed to integrate artificial intelligence with blockchain technology through a secure rollup architecture. NEWT aims to support AI-driven trading strategies and establish a decentralized marketplace for AI developers, with a total supply of 1 billion tokens.

The NEWTUSDT perpetual contract is USDⓈ-margined and settled in USDT, with continuous trading available 24/7. Funding fees are settled every four hours, with a capped funding rate of ±2.00%. During the pre-market phase, the mark price is determined using a rolling 10-second average of recent trade prices, recalculated every second. If fewer than 21 transactions are available in that window, the mark price uses the last 20 trades. Once a stable index price is established from spot market data, the contract will transition from pre-market to standard perpetual format without disrupting trading activity or affecting open orders and positions.

Binance emphasizes that some features of the Newton Protocol are still under development, and the current utility of the token may be limited. As with all cryptocurrency derivatives, users are advised to conduct thorough due diligence due to the associated investment risks. The addition of the NEWTUSDT perpetual contract to Binance Futures is a significant development in the cryptocurrency trading landscape, positioning Binance at the forefront of technological innovation in the industry. This move enhances the trading experience for users and underscores Binance's commitment to leveraging cutting-edge technology to provide advanced trading solutions.

Magic Newton, the platform behind this initiative, is designed to create a secure environment for AI-driven strategies, ensuring that traders can execute their trades with confidence and precision. The 5x leverage offered by this contract allows traders to control larger positions with a smaller amount of capital, potentially increasing their returns. However, higher leverage also comes with increased risk, and traders should exercise caution when using it. The focus on AI-driven strategies is particularly noteworthy, as it aims to optimize trading strategies and improve execution efficiency, leading to more accurate predictions and better outcomes for traders.

The introduction of the NEWTUSDT perpetual contract is part of Binance's ongoing efforts to expand its offerings and provide more diverse trading options for its users. By continuously innovating and adapting to the evolving needs of the market, Binance is able to maintain its position as a leading cryptocurrency exchange. This latest addition to its futures trading platform is a testament to the company's dedication to staying ahead of the curve and delivering value to its users. The NEWTUSDT perpetual contract is expected to attract a wide range of traders, from those who are new to the cryptocurrency market to seasoned professionals, further solidifying Binance's role as a pioneer in the industry.