Introducing the Binance Futures USDⓈ-Margined BSW Perpetual Contract with Up to 75x Leverage
If you’re a cryptocurrency trader looking for more options and a better user experience, then you’ll be excited to hear about the latest offering from Binance Futures. Binance is set to launch a new USDⓈ-Margined BSW Perpetual Contract with up to 75x leverage, starting on September 5, 2024, at 06:00 UTC.
Key Features and Specifications
With the new BSWUSDT Perpetual Contract, traders will have the opportunity to leverage their positions up to 75 times. The maximum funding rate at launch will be +2.00% / -2.00%, with funding fee settlements occurring every four hours. It’s important to note that certain specifications of the contract, such as funding fees, leverage limits, and margin requirements, may be adjusted based on market conditions.
Multi-Assets Mode
One exciting feature of the BSWUSDT Perpetual Contract is the Multi-Assets Mode, which allows users to trade the contract using multiple margin assets. For example, traders can use Bitcoin (BTC) as margin when trading this contract, subject to applicable haircuts.
Compliance and Terms
As with any trading contract on Binance Futures, the BSWUSDT Perpetual Contract will be subject to the platform’s Terms of Use and Service Agreement. Traders are advised to review these documents for detailed terms and conditions before engaging in trading.
Risk and Advisory
It’s important to be aware of the risks associated with futures trading, especially when using leverage. Binance has cautioned users about high market risks and price volatility, as well as the possibility of additional margin deposits or interest payments. Collateral may also be liquidated if required deposits or payments are not made in time.
For more information on the Binance Futures USDⓈ-Margined BSW Perpetual Contract and to stay informed about the latest updates, be sure to check the official announcement on Binance.com.
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