You can now trade the Basic Attention Token (BAT) on Binance Futures with up to 50X leverage, effective today February 13, 2020.
"Binance Futures will launch BAT/USDT perpetual contract, with trading opening at 2020/02/13 08:00 AM (UTC). Users will be able to select between 1-50x leverage.Futures the exchange"~Binance Team.
In a recent update by the Binance Team; the world largest and most popular cryptocurrency exchange by trading volume announced that it will be launching a BAT/UST perpertual contract on its Futures trading trading platform.
Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.
As expected, trading on the BAT/USDT contract resumed this morning with traders having the option to select between 1X to 50X leverage. This high leverage on the BAT/USDT perpetual swap is touted to be in response to professional traders demand for such products.
“We have seen an increase in institutional participation in trading, and these professional traders seek out the most efficient ways to trade very quickly, both in terms of cost and performance.” ~Changpeng Zhao, Binance’s CEO
The announcement seem to have been a major reason for the recent BAT upward movement due to the "Binance Effect" but as at the time of writing this post the token have lost more than 5% of it's value in the last 24 hours.
For those hearing about the Basic Attention Token for the first time; the Binance Team describes BAT as:
“BAT (Basic Attention Token), a token for a decentralized ad exchange. It compensates the browser user for attention while protecting privacy. BAT connects advertisers, publishers, and users and is denominated by relevant user attention, while removing social and economic costs associated with existing ad networks, e.g., fraud, privacy violations, and malvertising. BAT is a payment system that rewards and protects the user while giving better conversion to advertisers and higher yield to publishers. We see BAT and associated technologies as a future part of web standards, solving the important problem of monetizing publisher content while protecting user privacy.“
And according to CNET.com:
“Brave is hands-down the fastest browser I’ve used this year on any operating system, for both mobile and desktop. Memory usage by the browser is far below most others, while website loading is far faster…”
Download, Install, Enjoy and earn free BAT by using the Brave Browser here.