Introducing GUSDT and RAREUSDT Perpetual Contracts on Binance Futures
At Extreme Investor Network, we are excited to share the latest update from Binance Futures regarding the introduction of two new USDⓈ-margined perpetual contracts – GUSDT and RAREUSDT. These contracts are set to launch on August 15, 2024, offering traders the opportunity to trade with up to 50x leverage.
Enhanced Trading Options
The expansion of trading offerings on Binance Futures with the GUSDT and RAREUSDT perpetual contracts aims to provide traders with more diverse options and opportunities to maximize their trading experience. These contracts will add depth to the platform and empower traders with increased flexibility.
Launch Details
Mark your calendars for the launch of the GUSDT perpetual contract at 12:30 (UTC) and the RAREUSDT perpetual contract at 13:00 (UTC) on August 15, 2024. Be among the first to explore these new trading instruments and take advantage of the exciting features they offer.
Contract Specifications
At launch, the maximum funding rate for the GUSDT and RAREUSDT perpetual contracts will be set at +2.00% / -2.00%, with funding fee settlements occurring every four hours. Binance is committed to adjusting contract specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market conditions to ensure a seamless trading experience.
Multi-Assets Mode
With the introduction of the GUSDT and RAREUSDT perpetual contracts, Binance also offers its Multi-Assets Mode, allowing users to trade across multiple margin assets with applicable haircuts. This feature enables users to utilize assets like Bitcoin (BTC) as margin when trading these new contracts, further enhancing trading flexibility.
Compliance and Risk Management
It is important to note that these new perpetual contracts will adhere to Binance’s Terms of Use and the Binance Futures Service Agreement. Binance places a strong emphasis on compliance and risk management, urging traders to understand market volatility and potential financial risks associated with futures trading.
For more detailed information on the GUSDT and RAREUSDT perpetual contracts, we encourage interested parties to refer to the original announcement on the Binance website. Stay tuned for the latest updates and insights on cryptocurrency trading and blockchain technology at Extreme Investor Network.
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