Binance Lists New Altcoin Perpetual Contract for Futures Trading – Price Soars 120%

On October 25, 2024, Binance Futures will introduce a new perpetual contract, available for trading with significant leverage options.

This USDT-margined contract will allow users to amplify their positions up to 75x, giving experienced traders a way to potentially increase their returns in a single trade.

Key specifics of the upcoming contract include a 1:00 PM ET launch time, with a starting funding rate of ±2.00% and settlements occurring every four hours.

Binance will also have the ability to adjust elements such as leverage and fees in response to market conditions to manage risks.

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The contract is part of Binance’s Multi-Asset Mode, enabling traders to utilize various assets, like Bitcoin, as margin for these trades.

This expansion of Binance’s derivatives platform offers more high-leverage options for those looking to diversify their strategies, but it’s essential for users to practice careful risk management, given the volatile nature of leveraged trading.

Kosta Gushterov