Binance Futures, one of the most liquid derivate markets in the crypto realm, [announced](https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-m-bsv-perpetual-contract-with-up-to-50x-leverage-21802d4be7ce4e4a880e2990a6775422) plans to launch a USDⓈ-M BSV perpetual contract (BSVUSDT) as of October 20, 2023, at 12:30 (UTC).According to reports, Binance delisted the BSV spot trading pair on April 15, 2019, and has no plans to restore it this time either.However, with the upcoming launch of BSVUSDT, [the firm](https://coingape.com/companies/binance/) assured its users that the perpetual contract would offer up to 50x leverage.More About The USDⓈ-M BSV Perpetual Contract The underlying asset within the contract is BSV (Bitcoin Satoshi’s Vision), sometimes referred to as Bitcoin SV, whereas the settlement asset is USDT.Bitcoin SV is a blockchain curated in 2018 as a result of the hard fork from the Bitcoin Cash Blockchain.
The Bitcoin Cash Blockchain itself grew as a hard fork of the original Bitcoin blockchain.
With a tick size of 0.01, the contract offers trade with minimal ease and efficiency.The bond will have a maximum capped funding rate of +2.00% / -2.00%, while the funding fee settlement frequency is set around every four hours.
Users can trade on the offered bond 24×7, as stated by Binance, and leverage up to 50x more.The contract also supports Multi Assets Mode, facilitating users to indulge in a more varied trading experience.[Also read: Binance Removes ADA, MATIC, SHIB, DOGE, SOL & Other Top Liquidity Pools](https://coingape.com/binance-removes-ada-matic-shib-doge-sol-top-liquidity-pools/?utm_source=24hrsupdateall) Recommended Articles BSV Drifts Towards Portraying A Promising Future The month of October saw notable traction revolving around Bitcoin SV.The cryptocurrency caught the eyes of many investors as it witnessed a [substantial increase in its price](https://coingape.com/why-is-bitcoin-sv-bsv-rising-today-know-all-here/).
As of October 19, [the coin reached around $43](https://coingape.com/why-is-bitcoin-sv-bsv-rising-today-know-all-here/) after going through significant price fluctuations in the past few months.The coin mostly traded in a consolidated range between $32 and $34 during the past few months.However, the coin now shows promising growth as of October 2023 and continues to rise.Meanwhile, as of writing, Bitcoin SV is valued at $52.28, noting a surge of 27.68% over the last 24 hours on October 20, 2023, underscoring the prior monthly high of $43.
The continuous rise in the price of Bitcoin SV has gravitated investors towards itself, displaying promising returns in the future.[Also read: Fed Chair Hints At No More Interest Rate Hikes, Crypto Market Cheers](https://coingape.com/fed-chair-hints-at-no-more-interest-rate-hikes-crypto-market-cheers/?utm_source=24hrsupdateall) [Elevated US Treasury Yield Is Hurting Ethereum More Than Bitcoin, Here’s Why](https://coingape.com/elevated-treasury-yield-is-hurting-ethereum-more-than-bitcoin-details/?utm_source=priceanalysisbar) [Binance Removes ADA, MATIC, SHIB, DOGE, SOL & Other Top Liquidity Pools](https://coingape.com/binance-removes-ada-matic-shib-doge-sol-top-liquidity-pools/?utm_source=priceanalysisbar) [Crypto Prices Today: BTC, Pepe Coin, & STX Drive Market Higher](https://coingape.com/crypto-prices-today-btc-pepe-coin-stx-drive-market-higher/?utm_source=priceanalysisbar) [Fed Chair Hints At No More Interest Rate Hikes, Crypto Market Cheers](https://coingape.com/fed-chair-hints-at-no-more-interest-rate-hikes-crypto-market-cheers/?utm_source=priceanalysisbar) [Solana Surprises with 10% Jump, Next SOL Price Target $30](https://coingape.com/solana-surprises-with-10-jump-next-sol-price-target-30/?utm_source=priceanalysisbar) [Dogecoin Price Prediction: Will $0.055 Act as a Springboard for Next Recovery?](https://coingape.com/markets/dogecoin-price-prediction-will-0-055-springboard-the-next-recovery/?utm_source=priceanalysisbar) [Bitcoin Price Prediction As Buyers Break 90 Days Correction Trend](https://coingape.com/markets/bitcoin-price-prediction-as-buyers-break-90-days-correction/?utm_source=priceanalysisbar) [Ethereum Price Prediction As Demand Pressure Rises at $1500 Support](https://coingape.com/markets/ethereum-price-prediction-as-demand-pressure-rises-at-1500/?utm_source=priceanalysisbar) [XRP Price Prediction As $0.5 Breakdown Hint Further Correction Ahead](https://coingape.com/markets/xrp-price-prediction-as-0-5-breakdown-hint-correction-ahead/?utm_source=priceanalysisbar) [Cardano Price Prediction As $0.24 Yearly Support Sets a New Recovery?](https://coingape.com/markets/cardano-price-prediction-as-0-24-support-sets-new-recovery/?utm_source=priceanalysisbar).
