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Stay ahead of the curve with the latest news in the world of cryptocurrency and blockchain technology. Today, we are excited to share with you the announcement from Binance Futures regarding the launch of the USDⓈ-Margined UXLINKUSDT Perpetual Contract with up to 75x leverage.
Binance Futures is set to introduce the new UXLINKUSDT Perpetual Contract on September 15, 2024, at 15:00 UTC, providing traders with the opportunity to leverage their positions up to 75 times. This exciting development will enhance trading options for users on the platform.
Key Features of the Contract
The UXLINKUSDT Perpetual Contract will come with a maximum funding rate of +2.00%/-2.00% at launch, with funding fees settled every four hours. Binance has also mentioned that certain specifications of the contract, such as funding fees, tick size, leverage limits, initial margin, and maintenance margin requirements, may be adjusted based on market conditions to manage risk effectively.
Utilize Multi-Assets Mode
With the platform’s Multi-Assets Mode, traders can engage in UXLINKUSDT perpetual contract trading using various margin assets, subject to specific haircuts. For example, users can utilize assets like Bitcoin (BTC) as margin when trading the new perpetual contract with the Multi-Assets Mode activated.
Terms and Conditions to Consider
It’s important to note that the UXLINKUSDT Perpetual Contract is governed by Binance’s Terms of Use and Binance Futures Service Agreement. Traders are advised to refer to the original English version of the announcement for the most accurate information and be mindful of potential discrepancies in translated versions.
For further details, we recommend visiting the official announcement on Binance’s platform to stay informed about this exciting development in the cryptocurrency derivatives market.
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