The DEFI/USDT Composite Index perpetual contract is a USDT-margined futures contract that uses USDT as collateral . Users will be able to select between 1-50x leverage. Please note: “DEFI” is a ticker representing “Decentralized Finance” and not the ticker of a separate token.
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Binance has launched USDT-margined quarterly futures for bitcoin and ethereum. … As USDT-margined contracts are linear futures products quoted and settled in USD stablecoins, it allows users to easily calculate their returns in fiat currencies.
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