Alvin Lang
September 19, 2024 10:24
Binance Futures will launch USDⓈ Margined FIDA/USDT perpetual contracts with up to 75x leverage, improving trading options and user experience.
In a major development for the cryptocurrency trading community, Binance Futures has announced the launch of a new USDⓈ-Margined FIDA/USDT Perpetual Contract. According to Binance, this new contract will be available from September 19, 2024, 12:30 UTC and will offer up to 75x leverage.
New trading opportunities
This launch aims to enhance the overall trading experience for users by expanding the range of trading options available on Binance Futures. The FIDA/USDT Perpetual Contract allows traders to speculate on the future price movements of the FIDA token against USDT, providing a versatile tool for both hedging and speculative strategies.
Contract specifications
Key details about the new contract include the maximum funding rate of +2.00% / -2.00% at launch. The funding fee is settled every 4 hours. Binance also stated that the specifications for this futures contract, such as the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.
Multi-asset mode
Another notable feature is the multi-asset mode, which allows users to trade this perpetual contract across multiple margin assets. For example, when this mode is activated, users can use BTC as margin when trading the FIDA/USDT perpetual contract. This provides greater flexibility for traders with a diverse portfolio.
Compliance and Risk Management
The new agreement is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Binance also advised users to refer to the original English version of the announcement for the most accurate information, noting that there may be differences in the translated version.
Binance has repeatedly stressed the importance of understanding the risks associated with futures trading. The platform emphasized that futures trading is subject to high market risk and price volatility, and traders may be required to make additional margin deposits or interest payments in the short term.
For more details, please check the official announcement from Binance.
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