Caroline Bishop
15 Sep 2024 14:22
Binance Futures announced improved trading options with the launch of UXLINKUSDT perpetual contracts with up to 75x leverage.
Binance Futures has announced the launch of the USDⓈ-Margined UXLINKUSDT Perpetual Contract, which will be available starting September 15, 2024 at 15:00 UTC. According to Binance, this new contract will provide traders with the opportunity to leverage their positions up to 75x.
Contract Specifications and Features
According to the announcement, the new UXLINKUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at launch. The funding fee is settled every 4 hours. Binance also noted that the specifications of this futures contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.
Multi-asset mode
The platform’s multi-asset mode allows users to trade UXLINKUSDT perpetual contracts on multiple margin assets according to applicable haircuts. For example, when this mode is activated, users can use: Bitcoin As margin for new perpetual contract transactions.
Terms of Use
UXLINKUSDT perpetual contracts are subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Traders should be aware of any potential inconsistencies in the translated version of the announcement and should refer to the original English version for the most accurate information.
For more details, please refer to the original announcement from Binance.
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