Darius Baru
05 Sep 2024 17:13
Binance Futures will be launching USDⓈ Margined BSW Perpetual Contracts with up to 75x leverage, expanding trading options and improving user experience.
According to Binance.com, Binance Futures will be launching a new USDⓈ-margined BSW perpetual contract with up to 75x leverage. The new trading option will be available starting September 5, 2024 at 06:00 UTC.
Key Features and Specifications
The new BSWUSDT Perpetual Contract offers traders the opportunity to leverage positions up to 75x. The maximum funding rate at launch is +2.00% / -2.00%, and funding fee settlement occurs every 4 hours.
Binance emphasized that the specifications of BSWUSDT perpetual contracts, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted according to market risk conditions.
Multi-asset mode
The multi-asset mode feature allows users to trade BSWUSDT perpetual contracts across multiple margin assets. For example, users can use Bitcoin (BTC) as margin when trading this contract, depending on the haircut.
Compliance and Terms
Binance has stated that BSWUSDT perpetual contracts are subject to the Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to these documents for detailed terms and conditions.
Risks and Advice
Binance has issued a warning about the high market risk and price volatility associated with futures trading. Users may be required to make additional margin deposits or interest payments within a short notice period, and collateral may be liquidated without consent if required deposits or payments are not made on time.
For more information, please refer to the official announcement on Binance.com.
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