Tony Kim
September 6, 2024 16:26
Binance Futures will launch DOGSUSD COIN-M perpetual contracts with up to 20x leverage starting September 10, 2024.
Binance Futures will launch the DOGSUSD COIN-M Perpetual Contract, offering traders up to 20x leverage. According to Binance, the new contract will be available starting from September 10, 2024 at 10:00 (UTC).
Contract specifications
The DOGSUSD COIN-M Perpetual Contract features a funding fee settlement frequency of every 8 hours. Binance reserves the right to adjust various specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market risk conditions.
Terms of Use
Traders should note that the DOGSUSD Perpetual Contract is governed by the Binance Terms of Use and the Binance Futures Service Agreement. In the event of any inconsistencies in the translated version of the announcement, the original English version should be referred to for the most accurate information.
High Risk Warning
Binance has issued a high-risk warning, emphasizing the volatility of digital asset prices. They warn that investment values may fluctuate, and users should bear full responsibility for their investment decisions. In particular, futures trading is subject to high market risk and price volatility, and may potentially require additional margin deposits or interest payments in the short term. Failure to meet these requirements may result in liquidation of collateral without consent, and users may be held liable for any resulting losses.
Binance also reserves the right to amend or cancel the announcement at any time without prior notice. For more information, please review the Binance Terms of Use and Risk Warning page.
Image source: Shutterstock