Binance Futures Introduces 1000CATUSDT Perpetual Contract with High Leverage
Alvin Lang Oct 22, 2024 08:04
Binance Futures announces the launch of a new USDⓈ-margined 1000CATUSDT perpetual contract, offering traders up to 75x leverage, enhancing trading options and experience.
Binance Futures is set to expand its trading offerings with the introduction of a new USDⓈ-margined 1000CATUSDT perpetual contract, scheduled for launch on October 21, 2024. This contract will allow traders to leverage up to 75 times their initial capital, according to a recent announcement from Binance.
Trading Specifications
The 1000CATUSDT perpetual contract will feature a maximum funding rate of +2.00%/-2.00%, with funding fees settled every four hours. The platform also retains the flexibility to adjust contract specifications based on market risk conditions. This includes changes to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, ensuring responsive risk management.
Multi-Assets Mode
Traders can utilize Binance's Multi-Assets Mode when engaging with the 1000CATUSDT contract. This feature allows users to trade across multiple margin assets, such as using BTC as collateral. This mode offers greater flexibility and potentially lowers the risk by diversifying margin assets.
Regulatory Compliance
Binance emphasizes that the contract is subject to the platform's Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to the original English version of any announcements for the most accurate information, as discrepancies may exist in translations.
As Binance continues to expand its futures trading options, the introduction of the 1000CATUSDT contract signifies its commitment to providing diverse and dynamic trading opportunities for its users. Traders are encouraged to familiarize themselves with the platform's responsible trading guidelines to mitigate risks associated with high-leverage trading.
This development is part of Binance's ongoing efforts to enhance trading experiences and broaden the array of financial instruments available to its global user base.
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