Terrill Dickey
December 4, 2024 13:42
Binance Futures announced the launch of KAIAUSDT and AEROUSDT perpetual contracts offering up to 75x leverage to enhance users’ trading options.
Binance Futures will expand its trading services by launching new USDⓈ margin perpetual contracts for KAIAUSDT and AEROUSDT with leverage options of up to 75x. According to Binance, the move, which will take effect from December 4, 2024, aims to enhance the choices available to traders on the platform and improve the overall trading experience.
New contract details
KAIAUSDT perpetual contracts are available from 14:00 UTC, and AEROUSDT contracts are available at 14:15 UTC on the same day. Users can expect a maximum funding rate of +2.00%/-2.00%, and funding fee settlement occurs every 4 hours.
Transaction Specifications and Coordination
Binance stated that these contracts may be adjusted depending on market risk conditions. This includes changes to funding fees, tick sizes, maximum leverage, and margin requirements. Importantly, the platform offers a multi-asset mode, allowing traders to use a variety of margin assets, such as Bitcoin (BTC), when participating in these contracts.
Regulatory and risk considerations
These new services are subject to Binance’s Terms of Use and Binance Futures Service Agreement. It is important for traders to remember that the futures and spot token lists are not linked to each other. This means that a futures listing does not guarantee a spot listing.
market situation
The launch of these contracts comes amid growing demand for a variety of trading instruments in the cryptocurrency market. By offering high leverage options, Binance serves experienced traders who want to maximize their potential returns at the cost of increased risk.
As always, traders are advised to consider the inherent risks associated with futures trading, which may include high market volatility and the potential for significant financial loss. Binance emphasizes the importance of informed trading decisions and encourages users to utilize available resources, such as the platform’s responsible trading page.
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