Binance Futures Launches 75x Leverage USDⓈ Margin RPL Perpetual Contracts

Binance Futures will expand its trading products by introducing USDⓈ Margined RPL perpetual contracts, allowing for up to 75x leverage. According to Binance, this new trading option will be available starting September 9, 2024 at 12:30 UTC.

Key Features and Specifications

RPLUSDT perpetual contracts have a maximum funding rate of +2.00% / -2.00%, and funding fee payments are made every 4 hours. Binance emphasized that adjustments to contract specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be made based on market risk conditions.

Multi-asset mode

Traders can use the multi-asset mode to enter RPLUSDT perpetual contracts across multiple margin assets, with applicable haircuts. For example, when trading this contract in multi-asset mode, you can use Bitcoin (BTC) as margin.

Compliance and Risk Management

The new perpetual contracts are governed by Binance’s Terms of Use and the Binance Futures Service Agreement. Binance also advised traders to be aware of any potential inconsistencies in the translated version of the announcement and to refer to the original English version for the most accurate information.

Market conditions

This launch comes amidst growing demand for diverse trading instruments in the cryptocurrency markets. Binance’s move to introduce high-leverage products reflects a continuing trend among major exchanges to target sophisticated traders seeking higher risk-to-reward opportunities.

However, Binance warns users about the inherent risks associated with futures trading, namely high market risk and price volatility. Traders are urged to make their own independent assessment of the appropriateness of such trading in light of their own objectives and circumstances.

For more information, please visit the official Binance announcement page.

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