Jessie A Ellis
24 Sep 2024 15:24
Binance Futures will be launching GHSTUSDT futures contracts with up to 75x leverage, expanding users’ trading options.
Binance Futures is expanding its trading options by launching USDⓈ-margined GHSTUSDT perpetual contracts with up to 75x leverage. According to Binance.com, the new contract is scheduled to launch on September 23, 2024 at 13:00 UTC.
Key Features
This new addition aims to improve the trading experience by providing users with more choices. GHSTUSDT perpetual contracts have a maximum funding rate of +2.00% / -2.00%, and the funding fee is settled every 4 hours. Contract specifications including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements are subject to adjustment based on market risk conditions.
Multi-asset mode
GHSTUSDT perpetual contract supports Binance’s multi-asset mode, allowing users to trade multiple margin assets. For example, users can use Bitcoin (BTC) as margin when trading this contract, according to the corresponding haircut.
Compliance and Risk
Binance emphasizes that GHSTUSDT perpetual contracts are subject to the Terms of Use and Futures Service Agreement. It also notes potential inconsistencies in the translated version of the announcement and advises users to refer to the original English version for the most accurate information.
In addition, Binance has released a disclaimer regarding the risks associated with digital asset trading, especially futures trading. Futures trading involves high market risk and price volatility. Users are advised to conduct their own evaluation and consult with their advisors as needed.
For more details, please check the official announcement on Binance.com.
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