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Home»ADOPTION NEWS»Binance Futures Launches USD Margined FLUX Perpetual Contracts with 75x Leverage
ADOPTION NEWS

Binance Futures Launches USD Margined FLUX Perpetual Contracts with 75x Leverage

By Crypto FlexsSeptember 3, 20242 Mins Read
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Binance Futures Launches USD Margined FLUX Perpetual Contracts with 75x Leverage
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Timothy Morano
Sep 3, 2024 06:11

Binance Futures will expand trading options by launching FLUXUSDT perpetual contracts with up to 75x leverage.





Binance Futures has announced the launch of new USDⓈ-margined FLUXUSDT perpetual contracts with up to 75x leverage. According to binance.com, this move is part of Binance’s ongoing efforts to diversify its trading product range and improve the trading experience for users.

Details of the new permanent contract

The FLUXUSDT Perpetual Contract will be launched on September 3, 2024 at 07:00 (UTC). Traders participating in this new product will be able to utilize up to 75x leverage, which can significantly amplify potential profits and risks.

At the time of contract launch, the funding rate will be set at a maximum of +2.00% or -2.00%, and the funding fee will be settled every 4 hours. Binance stated that contract specifications such as funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements may be adjusted based on market risk conditions.

Additional Features and Considerations

Binance’s multi-asset mode is supported, allowing users to trade FLUXUSDT perpetual contracts across multiple margin assets. For example, users can use Bitcoin (BTC) as margin when trading this contract according to its haircut.

It is important to note that the new perpetual contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. The company also reserves the right to amend or cancel the announcement at any time without prior notice.

Market Impact and User Precautions

The launch comes amid a broader trend of cryptocurrency exchanges expanding their derivatives offerings to cater to advanced traders seeking higher leverage and more diverse trading opportunities. However, Binance cautioned against the risks associated with futures trading, highlighting the high market risk and price volatility.

Traders are encouraged to make their own independent assessment of the appropriateness of futures trading in light of their own objectives and circumstances. Binance also encourages users to visit the Responsible Trading page for more information on how to protect themselves in the volatile cryptocurrency markets.

Image source: Shutterstock


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