Binance drew attention with three announcements today. The stock market, Fun and MLN released permanent term transaction contracts while the 1000SATS regulates leverage rates for ACT. On the other hand, it offers update support for Terra (Luna). Here are the details…
Binance Futures Support is offered for two altcoin
Binance Futures announced that two new contractors will be listed in order to improve the user experience and expand trade options. Accordingly, the following contracts were released on March 31, 2025:
- FunusdT Continuous contract – Maximum 50x leverage began to be traded as of 11.00.
- MLNUSDT Continuous contract – Maximum 50x leverage began to be traded as of 11:45.
These new contracts are guaranteed with USDT and designed to be performed 24/7. Users will be able to use different assets as collaterals in these contracts using the Multi-Essets Mode feature. Binance reserves the right to change some of these technical specifications such as leverage rates, starting guarantee and maintenance margin due to market risk conditions.
Updates at leverage and margin levels
Binance Futures announced that on March 31, 2025, as of 12:00 TSI, 1000Satsusdt and Actusdt will make updates at leverage and margin levels. Within the scope of updates, leverage levels and maintenance margin requirements for certain position sizes will be rearranged. Binance emphasized that existing open positions will be affected by these changes and said that investors should update their strategies.
Particularly in the 1000SatSUSDT contract, a maximum leverage level for large position holders was experienced, while the ACTUSDT contract was similar to some leverage levels depending on the size of the position.
Terra (Luna) Support for Network Update
As of 16:40 on March 31, 2025, Binance announced that it will temporarily stop depositing and withdrawal in order to support the update of the Terra (Luna) network and the hard fork process. The network upgrade will take place when the block height is reached to 14,958,500 levels and is expected to be completed at about 17:40.
Binance said that users will undertake technical needs without having to do any additional transactions. According to the announcement, after the success of the network update is successfully completed, deposit and withdrawal will be reopened and an additional announcement will not be made. However, the trade of tokens of the Luna network will not be affected by this process and users will be able to continue their transactions normally.
