Key Points
- Binance Futures launches POPCAT and SUN Perpetual Contracts today at 13:00 (UTC) and 13:05 (UTC) respectively.
- Both Perpetual Contracts will have up to 75x leverage.
In an official announcement, Binance Futures revealed that in order to expand the list of trading choices of the platform while boosting users’ trading experience, it will launch 2 more Perpetual Contracts today:
- POPCATUSDT Perpetual Contract will launch at 13:00 (UTC) with up to 75x leverage.
- SUNUSDT Perpetual Contract will launch at 13:05 (UTC) with up to 75x leverage.
POPCAT and SUN Perpetual Contracts Details
The underlying asset for POPCAT Perpetual Contract is POPCAT(SOL) (POPCAT) and its tick size is 0.0001.
The underlying asset for SUN Perpetual Contract is Sun Token (SUN) and its tick size is 0.000001.
Additional details for both Perpetual Contracts as noted by the official announcement:
- The Capped Funding Rate is +2.%/-2%.
- Maximum leverage will be 75x.
- Trading hours are 24/7.
- Both Perpetual Contracts support the Multi-Asset Mode.
The funding fee settlement frequency is every four hours, starting today, August 22, at 16:00 (UTC).
Binance can adjust the specifications of the Futures contracts mentioned above from time to time, based on market risk conditions. The specifications include the following:
- Funding fee
- Tick size
- Maximum leverage
- Initial margin
- Maintenance margin requirements
Multi-Assets Mode allows users to trade the Futures Contracts mentioned above across multiple margin assets.
When the Multi-Assets Mode is activated, users will be able to use BTC as a margin when trading the Perpetual Contracts mentioned above.
Also, the Futures Contracts are subjected to Binance Terms of Use and the Binance Futures Service Agreement.
About POPCAT(SOL) (POPCAT) and Sun Token (SUN)
POPCAT is a memecoin built on Solana and the total supply of the token is almost 980 million coins.
The Sun.io platform is Tron’s first platform that supports stablecoin swap, token mining, and self-governance. The total supply of Sun Token is a little over 19.9 billion.
Earlier today, Binance Futures also launched ALPACAUSDT Perpetual Contract with up to 75x leverage.
