Zach Anderson Sep 16, 2024 11:40
Binance Futures expands trading options with the launch of CATIUSDT and HMSTRUSDT perpetual contracts, offering up to 75x leverage.
Binance Futures has announced the introduction of two new USDⓈ-margined perpetual contracts: CATIUSDT and HMSTRUSDT, with leverage options of up to 75x, according to Binance.
Launch Details
The CATIUSDT perpetual contract will be available for trading starting on September 20, 2024, at 10:30 UTC. The HMSTRUSDT perpetual contract will follow on September 26, 2024, at 12:30 UTC. Both contracts will allow traders to utilize up to 75x leverage.
Contract Specifications
Binance has outlined several important details regarding these new contracts:
- The maximum funding rate at launch is set at +2.00% / -2.00%.
- Funding fee settlement will occur every four hours.
- Specifications such as funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements may be adjusted based on market risk conditions.
- The tick size for these contracts will be confirmed and updated in the announcement.
- Multi-Assets Mode will be available, allowing users to trade these contracts across multiple margin assets, subject to applicable haircuts. For example, users can use BTC as margin when trading these contracts.
- These contracts will adhere to the Binance Terms of Use and the Binance Futures Service Agreement.
Market Impact and Trading Environment
The introduction of these perpetual contracts is part of Binance’s strategy to enhance the trading experience and expand the range of trading instruments available on its platform. By offering high leverage options, Binance aims to attract more traders seeking to maximize their potential returns, although this comes with increased risk.
The cryptocurrency market has seen a surge in the popularity of perpetual contracts due to their flexibility and the ability to trade without expiration dates. However, the high leverage offered by such contracts can lead to significant gains as well as substantial losses, emphasizing the need for responsible trading practices.
Conclusion
Binance continues to innovate and expand its offerings in the cryptocurrency trading space. The launch of the CATIUSDT and HMSTRUSDT perpetual contracts with up to 75x leverage provides traders with new opportunities, but also underscores the importance of understanding the risks involved in high-leverage trading.
For further information and updates, traders are encouraged to visit the official Binance announcement page.
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