Welcome to Extreme Investor Network, where we provide you with the latest insights and updates on all things crypto, blockchain, and more. Today, we are excited to share the news about Binance Futures launching the DEGENUSDT perpetual contract, offering up to 75x leverage.
Scheduled for release on November 15, 2024, the DEGENUSDT contract is set to expand trading options for Binance users, providing them with a high-leverage option in a fast-paced market. This move is indicative of Binance’s commitment to enhancing the trading experience for its users.
Key Features of the DEGENUSDT Contract:
The DEGENUSDT perpetual contract comes with a maximum leverage of 75x and a capped funding rate of +2.00%/-2.00%. Funding fees will be settled every four hours, allowing traders to effectively manage their positions. It is available under the ‘Multi-Assets Mode,’ allowing trading across various margin assets, such as Bitcoin (BTC).
Risk Management and Adjustments:
Binance underlines the importance of risk management, indicating that the specifications of the DEGENUSDT futures contract, including funding fees, tick size, and leverage, may be adjusted based on market conditions. This adaptability is designed to safeguard users and ensure market stability.
Compliance and User Responsibilities:
As with all Binance offerings, the DEGENUSDT contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement. Users are advised to perform their own risk assessments and seek professional advice when needed, given the inherent risks associated with futures trading.
The introduction of the DEGENUSDT contract comes at a time when exchanges are diversifying their trading instruments to meet the evolving needs of cryptocurrency traders. With the addition of DEGENUSDT, Binance solidifies its position as a leader in the crypto futures market.
Stay tuned to Extreme Investor Network for more updates on the latest trends and developments in the crypto space. Join us as we navigate the world of digital assets and blockchain technology together.
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