Binance Futures Expands Trading Options with New Leverage Opportunities

Binance Futures is enhancing its platform by introducing new leveraged trading opportunities, providing users with more options to explore in the cryptocurrency derivatives market.

Binance Futures has introduced two new USDⓈ-margined perpetual contracts, 1000WHYUSDT and 1000CHEEMSUSDT, providing up to 75x leverage. This addition is aimed at expanding the platform’s trading options and enhancing user experience.

The contracts will be available for trading starting November 25, 2024, with the 1000WHYUSDT contract launching at 14:30, followed by the 1000CHEEMSUSDT contract at 14:45. Initially, the maximum funding rate will be set at ±2.00%, with settlement occurring every four hours.

Binance has implemented verification processes for the contracts, offering transparency through the provision of specific token addresses for both WHY and Cheems.

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The new contracts will support Multi-Entity Mode, allowing users to trade using multiple margin assets, such as BTC, under specific conditions. Binance also retains the ability to adjust key contract features, including leverage, funding fees, and collateral requirements, in response to shifting market conditions, ensuring a balanced approach to both risk and opportunity.

This launch further solidifies Binance Futures’ commitment to diversifying its trading instruments and reinforcing its position as a leader in the cryptocurrency derivatives market.

Kosta Gushterov