At Extreme Investor Network, we are excited to share the latest announcement from Binance Futures regarding the launch of USDⓈ-margined NULS and DOGS perpetual contracts with up to 75x leverage starting August 26, 2024. This new offering opens up a world of trading possibilities for cryptocurrency enthusiasts looking to capitalize on market opportunities.
Contract Specifications
The newly introduced perpetual contracts will feature a maximum funding rate of +2.00% / -2.00% at launch, with funding fee settlement occurring every four hours. It’s important to note that Binance may make adjustments to the contract specifications based on market risk conditions to ensure fair and efficient trading for users.
Multi-Assets Mode
One of the standout features of these contracts is their support for Binance’s Multi-Assets Mode, allowing traders to utilize multiple margin assets when engaging in trades. For example, users can choose to use Bitcoin (BTC) as margin for these perpetual contracts, offering a level of flexibility that is unmatched in the industry.
Regulatory and Risk Considerations
As with any trading activity in the cryptocurrency space, it is crucial to understand and acknowledge the regulatory and risk considerations involved. Binance has outlined the terms of use and service agreement for these new contracts, highlighting the volatility and risks associated with digital asset prices and futures trading. Investors are reminded of their responsibility to make informed investment decisions and to be aware of the high market risk and price volatility inherent in futures trading.
Overall, the launch of these new perpetual contracts underscores Binance’s ongoing commitment to expanding its range of trading options and providing a superior trading experience for its users. Stay tuned for more updates and insights from Extreme Investor Network as we continue to bring you the latest developments in the world of cryptocurrency and blockchain technology.