Alvin Lang
Sep 19, 2024 10:24
Binance Futures is gearing up to introduce a USDⓈ-Margined FIDA/USDT Perpetual Contract with a leverage of up to 75x, which will enhance both trading options and user experience.
In a major step forward for the cryptocurrency trading community, Binance Futures has revealed the launch of a USDⓈ-Margined FIDA/USDT Perpetual Contract. This new contract will be accessible starting September 19, 2024, at 12:30 UTC, offering leverage of up to 75x, as per Binance’s announcement.
Expanded Trading Options
This launch is aimed at widening the selection of trading opportunities available on Binance Futures, ultimately improving the overall trading experience for users. The FIDA/USDT Perpetual Contract enables traders to speculate on future price changes of the FIDA token against USDT, serving as a flexible tool for both hedging and speculative strategies.
Contract Details
Key specifics of the new contract feature a maximum funding rate of +2.00% / -2.00% at launch. The funding fee will be settled every four hours. Binance has also indicated that the details of this futures contract—such as funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements—may be modified based on market risk conditions.
Multi-Assets Mode
An additional noteworthy feature is the Multi-Assets Mode, permitting users to trade this perpetual contract with various margin assets. For instance, when this mode is engaged, users can utilize BTC as margin when trading the FIDA/USDT Perpetual Contract. This provides traders with increased flexibility, particularly those managing diverse portfolios.
Compliance and Risk Management
The new contract will adhere to Binance’s Terms of Use and the Binance Futures Service Agreement. Binance has urged users to refer to the original English version of announcements for the most accurate information, pointing out that there may be variances in translated versions.
Binance has emphasized the necessity of comprehending the risks associated with futures trading. The platform has warned that futures trading carries a high market risk and significant price volatility, potentially requiring traders to provide additional margin deposits or interest payments on short notice.
For further information, please visit the official announcement on Binance.
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