Binance Unveils New Perpetual Contracts with Up to 75x Leverage

Binance is expanding its futures offerings by introducing two new trading pairs with significant leverage options.

This addition aims to enhance its platform’s versatility and cater to diverse trading strategies.

Starting November 21, 2024, Binance Futures will launch perpetual contracts for SLERFUSDT and SCRTUSDT, allowing traders to access leverage of up to 75x. These contracts will be USDⓈ-margined, with funding rates capped at +2.00% or -2.00%, recalculated every four hours to reflect market conditions.

Users will also benefit from Binance’s Multi-Asset Mode, enabling them to use various cryptocurrencies, like BTC, as margin for these contracts. Binance has committed to closely monitoring the performance of these offerings and may adjust specifications as needed to maintain optimal trading conditions.

READ MORE:

Is Ethereum Poised for a Comeback? Analysts See Potential Amid Underperformance

This move underscores Binance’s dedication to expanding its trading ecosystem, providing global users with greater flexibility and tools for risk management while keeping pace with evolving market dynamics.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.