Introducing a New Trading Option: Binance Futures’ USDⓈ-Margined CHESS Perpetual Contract with 75x Leverage
Rongchai Wang Aug 29, 2024 09:20
Binance Futures is constantly evolving to provide traders with more opportunities, and the latest addition to their platform is the USDⓈ-Margined CHESS Perpetual Contract with up to 75x leverage. Starting August 29, 2024, at 07:30 (UTC), traders will have a new avenue to explore and potentially maximize their trading strategies.
Enhanced Trading Experience
The introduction of the CHESSUSDT Perpetual Contract is designed to enhance the trading experience for users by offering more trading choices. With a maximum funding rate of +2.00% / -2.00% and funding fee settlements every four hours, traders can take advantage of the flexibility and dynamic nature of this new contract.
Adjustable Specifications
Binance has made it clear that they may adjust certain specifications of the contract to better align with market conditions and mitigate risks. Changes to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements could be implemented as needed.
Multi-Assets Mode
In addition to the new contract, users will also have access to Binance’s Multi-Assets Mode, allowing them to trade the CHESSUSDT Perpetual Contract across multiple margin assets. This feature enables traders to use assets like Bitcoin (BTC) as margin, subject to applicable haircuts, enhancing the flexibility of their trading portfolio.
Terms and Conditions
As with any trading product on Binance, the CHESSUSDT Perpetual Contract is subject to the platform’s Terms of Use and the Binance Futures Service Agreement. It is essential for users to refer to the original English version of the announcement for the most accurate and up-to-date information, as translations may have discrepancies.
For more information, please refer to the official announcement on Binance’s website.
Please note that Binance reserves the right to make changes or cancel this announcement without prior notice. Traders are strongly encouraged to seek advice from financial experts and be aware of the risks associated with futures trading.
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