Binance Futures to Introduce KDAUSDT Perpetual Contract with 75x Leverage

Binance Futures is set to expand its trading options by introducing the KDAUSDT Perpetual Contract with leverage up to 75x, according to an announcement from the company. The new contract will be available starting September 18, 2024, at 13:30 (UTC).

Details of the KDAUSDT Perpetual Contract

The KDAUSDT Perpetual Contract will feature a maximum funding rate of +2.00% / -2.00% at the time of launch. The funding fee will be settled every four hours. Binance has noted that the specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.

Multi-Assets Mode and Terms

Users will have the option to trade the KDAUSDT perpetual contract using multiple margin assets through Binance's Multi-Assets Mode. For instance, traders can use Bitcoin (BTC) as margin when this mode is activated. The contract will be subject to Binance's Terms of Use and the Binance Futures Service Agreement.

Binance also highlighted potential discrepancies in translated versions of the announcement, advising users to refer to the original English version for the most accurate information.

Market Impact and User Experience

This move aims to enhance the trading experience for Binance users by providing more diverse trading options. The introduction of high-leverage contracts such as KDAUSDT is likely to attract both retail and institutional traders looking for more sophisticated trading instruments.

For additional details, the official announcement can be found on Binance.