Darius Baru
Sep 07, 2024 02:41
Binance Futures will be improving trading options by launching USDⓈ Margin QUICK perpetual contracts with up to 75x leverage.
Binance Futures is expanding its trading products by launching the USDⓈ Margin QUICK Perpetual Contract, offering traders the option to trade with up to 75x leverage. According to Binance, the contract will be available from 05:00 (UTC) on September 6, 2024.
New trading opportunities
The launch of the QUICKUSDT Perpetual Contract aims to expand the range of trading options available on Binance Futures. This move is expected to enhance users’ trading experience by providing greater flexibility and options.
Perpetual contracts have a maximum funding rate of +2.00% / -2.00% at launch, and funding fees are settled every 4 hours. Binance reserves the right to adjust contract specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market conditions.
Multi-asset mode
Traders can also take advantage of Binance’s multi-asset mode, which allows them to use multiple margin assets for trading QUICKUSDT perpetual contracts. For example, users can use Bitcoin (BTC) as margin when trading this contract, depending on the haircut.
The new contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Traders are advised to refer to these documents to fully understand the terms.
Risk and Compliance
Binance also emphasized the importance of understanding the risks associated with futures trading, which carries high market risk and price volatility. Users are responsible for their own investment decisions, and Binance is not responsible for any losses incurred. The platform advises users to make their own independent assessment of the appropriateness of any trade in light of their own objectives and circumstances.
In order to comply with MiCA requirements, non-licensed stablecoins will be subject to certain restrictions for EEA users starting June 30, 2024. Binance reserves the right to amend or cancel the notice at any time without prior notice.
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