“Binance Futures will launch USDⓈ-M Binance Football Fan Token Index perpetual contracts (“FOOTBALLUSDT Perpetual Contracts”) with up to 25x leverage on 2022-09-01 at 03:00 (UTC). Binance Football Fan Token Index is a new cryptocurrency price index that tracks the top Football Club Fan Tokens listed on Binance Spot by market capitalization.”
The Index will launch on 1st September, with Settlement assets as USDT and 24/7 trading hours.
Binance further writes that the exchange may adjust the specifications of the contracts like “the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.” FIFA world cup 2022 is scheduled from 20 November to 18 December 2022 In Qatar.
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Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.