Binance Futures has announced that it will introduce the USDⓈ-Margined 1000CATUSDT Perpetual Contract offering traders up to 75x leverage at 15:30 UTC on October 21, 2024.
Binance Futures to Launch 1000CATUSDT Perpetual Contract with 75x Leverage USDⓈ Collateral
The new listing aims to enhance users’ trading experience and expand the range of futures products available on the platform.
Basic Contract Features
- Maximum Leverage: 75x
- Initial Funding Rate: ±2.00%
- Funding Fee Settlement: Every four hours
- Launch Time: October 21, 15:30
The 1000CATUSDT contract will allow users to trade with high leverage with USDⓈ margin requirements. Binance noted that a Multi-Asset Mode will be available for the new contract, allowing users to use other assets such as BTC as margin, subject to applicable asset haircuts.
Binance reserves the right to change the specifications of the 1000CATUSDT contract depending on market risk conditions. Adjustments may affect various parameters, such as:
- Funding fees
- Approval size
- Maximum leverage
- Initial and maintenance margin requirements
These flexible adjustments aim to provide a stable and optimized trading environment for users, especially during volatile market conditions.
The launch of the 1000CATUSDT Perpetual Contract is part of Binance Futures’ strategy to expand its offerings to appeal to both experienced and high-risk traders.
Although the product appeals to users looking to achieve greater returns with leverage of up to 75x, Binance recommends caution due to rapid price movements and liquidation potential.
*This is not investment advice.
