Binance Futures Launches USDⓈ Margined CHESS Perpetual Contracts with 75x Leverage

Binance Futures is expanding its range of trading options by launching a new USDⓈ Margin CHESS perpetual contract with up to 75x leverage. According to a recent announcement from Binance, this new contract will be available starting from August 29, 2024 at 07:30 (UTC).

Enhanced trading experience

The introduction of CHESSUSDT Perpetual Contract aims to improve the trading experience of users by providing more trading options. This contract offers a funding rate of up to +2.00% / -2.00%, and the funding fee settlement is made every 4 hours.

Adjustable specifications

Binance has stated that it may adjust various contract specifications based on market risk conditions. These adjustments may include changes to funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.

Multi-asset mode

Users will also have the option to trade CHESSUSDT Perpetual Contract across multiple margin assets via Binance’s Multi-Assets Mode. This feature allows users to use multiple assets, such as Bitcoin (BTC), as margin when trading the contract, with the corresponding haircuts applied.

Terms of Use

CHESSUSDT Perpetual Contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to the original English version of the announcement for the most accurate and up-to-date information. There may be inconsistencies in the translation.

For more details, please check the official announcement on the Binance website.

Binance reserves the right to amend or cancel this notice at any time without prior notice. Users should consult their own advisors for financial or investment advice and should be aware of the risks involved in futures trading.

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