Jessie A Ellis
Aug 22, 2024 15:52
Binance Futures announces the launch of USDⓈ-margined POPCAT and SUN perpetual contracts with up to 75x leverage, aiming to expand trading options.
Binance Futures has announced the introduction of two new USDⓈ-margined perpetual contracts, POPCATUSDT and SUNUSDT, with leverage options of up to 75x. This move is part of Binance’s ongoing efforts to diversify trading choices and enhance the user experience, according to binance.com.
Details of the Launch
The POPCATUSDT perpetual contract is set to go live on August 22, 2024, at 13:00 (UTC), followed closely by the SUNUSDT perpetual contract at 13:05 (UTC) the same day. These contracts will offer traders the opportunity to leverage their positions up to 75 times.
Binance has specified that the maximum funding rate at the time of launch will be +2.00% / -2.00%, with funding fee settlements occurring every four hours. The exchange has also indicated that the specifications of these contracts, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market conditions.
Trading Features
One of the notable features of these new contracts is the Multi-Assets Mode, which allows users to trade across multiple margin assets, subject to applicable haircuts. For instance, traders can use Bitcoin (BTC) as margin when trading these perpetual contracts. This feature aims to provide greater flexibility for traders managing their portfolios.
Compliance and Risk Management
These new perpetual contracts will be governed by Binance’s Terms of Use and the Binance Futures Service Agreement. Traders are advised to consult these documents to understand the contractual obligations and risk factors involved.
Binance has also issued a disclaimer highlighting the high risk associated with futures trading. Given the volatility of digital asset prices, traders are urged to make independent assessments and consult advisors where appropriate. The exchange emphasizes the importance of responsible trading and provides resources for users to educate themselves on risk management.
Binance reserves the right to amend or cancel the announcement at any time, and it advises users to refer to the original English version of the announcement for the most accurate information.
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