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At Extreme Investor Network, we are committed to providing you with the latest and most valuable information in the world of cryptocurrency and blockchain. Our team of experts works tirelessly to bring you unique insights and analysis that you won’t find anywhere else. Today, we are excited to share with you the latest news from Binance Futures.

Binance Futures is set to launch a new USDⓈ-Margined LOKAUSDT Perpetual Contract, offering leverage of up to 75x. This innovative addition aims to expand the range of trading options available on the platform and enhance the trading experience for users.

What You Need to Know About the Perpetual Contract

The LOKAUSDT Perpetual Contract will be available starting September 24, 2024, at 11:30 (UTC). Traders can take advantage of up to 75x leverage, providing opportunities for significant gains or losses. The contract features a maximum funding rate of +2.00% / -2.00%, with funding fee settlements happening every four hours.

Binance has also highlighted that the contract specifications, such as funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.

Explore the Multi-Assets Mode and Other Features

One of the standout features of the LOKAUSDT Perpetual Contract is the Multi-Assets Mode. This mode enables users to trade the contract using multiple margin assets, subject to applicable haircuts. For example, users can use Bitcoin (BTC) as margin when trading the LOKAUSDT contract.

It’s important to note that the contract is governed by Binance’s Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to the original English version of the announcement for precise details.

Understanding the Market Impact and User Considerations

The introduction of the LOKAUSDT Perpetual Contract underscores Binance’s commitment to diversifying its product offerings and providing more trading opportunities for users. However, it’s crucial for traders to be aware of the high market risk and price volatility associated with futures trading. Binance recommends that traders conduct independent assessments and seek advice from advisors before engaging in high-leverage trading.

For additional information, users can visit Binance’s Responsible Trading page and review the Terms of Use and Risk Warning for a comprehensive understanding of the implications.

Stay informed and empowered with the latest insights from Extreme Investor Network. Trust us to deliver valuable information that can help you navigate the fast-paced world of cryptocurrency and blockchain.

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