Binance Futures to Launch USDⓈ-Margined REIUSDT Perpetual Contract with 75x Leverage
Iris Coleman Sep 27, 2024 15:36
Binance Futures will introduce the USDⓈ-Margined REIUSDT Perpetual Contract with up to 75x leverage, aiming to expand trading options and enhance user experience.
Binance Futures is set to launch the USDⓈ-Margined REIUSDT Perpetual Contract, offering up to 75x leverage. The introduction of this contract is scheduled for September 27, 2024, at 11:00 UTC, according to Binance. This move aims to expand the range of trading choices available on Binance Futures and enhance the overall trading experience for users.
Key Features of the REIUSDT Perpetual Contract
The REIUSDT Perpetual Contract will allow traders to leverage their positions up to 75 times. This high leverage can potentially increase both gains and losses, making it a high-risk, high-reward trading option. The contract's maximum funding rate at launch will be +2.00% / -2.00%, and the funding fee will be settled every four hours.
Binance noted that the specifications of this Futures contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.
Multi-Assets Mode and Terms
The new contract will support Binance's Multi-Assets Mode, allowing users to trade the REIUSDT perpetual contract across multiple margin assets. For instance, traders can use Bitcoin (BTC) as margin when this mode is activated. This feature can offer greater flexibility in managing trading positions and risk.
As with all Binance Futures products, the REIUSDT Perpetual Contract will be governed by Binance's Terms of Use and the Binance Futures Service Agreement. Users are advised to review these terms to understand the full scope of their rights and responsibilities when trading this contract.
Market Impact and Future Adjustments
This launch is part of Binance's ongoing efforts to diversify its product offerings and provide users with more trading opportunities. Given the high leverage and risk associated with this contract, traders are advised to exercise caution and employ risk management strategies.
Binance has reserved the right to amend or cancel this announcement at any time and for any reason without prior notice. Traders should stay updated with the latest information and be aware of any potential changes that could impact their trading activities.
For more details, please refer to the official announcement on Binance.
Image source: Shutterstock