Extreme Investor Network
Sep 19, 2024 10:24
Exciting News: Binance Futures Introduces USDⓈ-Margined FIDA/USDT Perpetual Contract with 75x Leverage
In a move that is set to revolutionize cryptocurrency trading, Binance Futures has just announced the launch of a new USDⓈ-Margined FIDA/USDT Perpetual Contract. This latest offering, available from September 19, 2024, at 12:30 UTC, comes with a staggering leverage of up to 75x, creating exciting opportunities for traders.
Enhanced Trading Options
This new contract is designed to broaden the range of trading options on Binance Futures, elevating the overall trading experience for users. With the FIDA/USDT Perpetual Contract, traders can now speculate on the future price movements of the FIDA token against USDT, providing a valuable tool for both hedging and speculative strategies.
Key Contract Details
Some essential specifications of the new contract include a maximum funding rate of +2.00%/-2.00% at launch, with funding fees settled every four hours. Binance has also stated that certain contract parameters, such as funding fees, tick size, leverage limits, initial margin, and maintenance margin requirements, may be adjusted based on market conditions to manage risk effectively.
Multi-Assets Mode for Flexibility
One standout feature is the Multi-Assets Mode, providing users with the flexibility to trade the perpetual contract across multiple margin assets. By activating this mode, traders can utilize assets like BTC as margin when engaging in the FIDA/USDT Perpetual Contract, offering increased versatility for those with diverse portfolios.
Risk Management and Compliance
It’s important to note that this new contract will adhere to Binance’s Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to the original English versions of announcements for the most accurate details, as there may be discrepancies in translated versions.
Binance emphasizes the significance of understanding the risks associated with futures trading, highlighting the high market risks and price volatility involved. Traders should be prepared for potential additional margin deposits or interest payments on short notice.
For further information, we encourage you to visit the official announcement on Binance.
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