Timothy Morano
18 Sep 2024 12:12
Binance Futures will be launching KDAUSDT perpetual contracts with up to 75x leverage on September 18, 2024, improving trading options.
Binance Futures will expand its trading options by launching the KDAUSDT Perpetual Contract, which offers up to 75x leverage, according to a company announcement. The new contract will be available starting September 18, 2024 at 13:30 (UTC).
Details of KDAUSDT perpetual contract
The KDAUSDT Perpetual Contract has a maximum funding rate of +2.00% / -2.00% at launch. The funding fee is settled every 4 hours. Binance noted that the specifications, 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 and conditions
Users can trade KDAUSDT perpetual contracts using multiple margin assets via Binance’s Multi-Assets Mode. For example, when this mode is activated, traders can use Bitcoin (BTC) as margin. This contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement.
Binance also emphasized that there may be potential inconsistencies in the translated version of the announcement, and advised users to refer to the original English version for the most accurate information.
Market Impact and User Experience
This move aims to improve the trading experience for Binance users by providing a wider range of trading options. The introduction of high-leverage contracts like KDAUSDT is likely to attract both retail and institutional traders looking for more sophisticated trading tools.
For more details, please check the official announcement from Binance.
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