James Ding
August 15, 2024 10:35
Binance Futures will launch GUSDT and RAREUSDT futures contracts on August 15, 2024, offering up to 50x leverage and improving trading options.
According to Binance, Binance Futures will expand its trading products by introducing two new USDⓈ margin perpetual contracts. The GUSDT and RAREUSDT contracts will be available for trading from August 15, 2024, offering traders up to 50x leverage.
Release Details
GUSDT perpetual contracts will be launched at 12:30 (UTC), and RAREUSDT perpetual contracts will be launched at 13:00 (UTC) on the same day. These contracts aim to provide more trading options and improve users’ trading experience.
Contract specifications
At launch, the maximum funding rate for these perpetual contracts will be set at +2.00%/-2.00%, with funding fee settlements occurring every 4 hours. Binance notes that contract specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market conditions.
Multi-asset mode
Binance also highlighted the availability of multi-asset mode for these new contracts. This feature allows users to trade on multiple margin assets, depending on the applicable haircut. For example, users can use: Bitcoin Use it as margin when trading GUSDT and RAREUSDT futures contracts.
Compliance and Risk Management
These new perpetual contracts are subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Binance also released a disclaimer highlighting the risks associated with futures trading, emphasizing the importance of understanding market volatility and potential financial loss.
For more details, please refer to the original announcement on the Binance website.
Image source: Shutterstock