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Cryptocurrency exchange Binance has announced the launch of its second perpetual contract, ETH/USDT.

According to the official statement, the exchange's users will be able to select between 1-50x leverage.

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At the end of last week, ETH/USDT futures were launched on the Binance Futures test network.

Earlier iHodl reported that Binance increased the maximum leverage that traders can use when they trade with margin.

Meanwhile, Bakkt reported through its official Twitter account that the trading volume of its bitcoin futures contracts reached 4,443 bitcoins, 60% more than the previous record.

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