Binance Futures is about to boost its buying and selling choices with the introduction of two new perpetual contracts, GUSDT and RAREUSDT, each scheduled to go reside on August 15, 2024.
Binance Futures to Launch USD Collateralized G and RARE Perpetual Contracts with As much as 50x Leverage
The brand new contracts will broaden the buying and selling choices out there on the platform by providing merchants as much as 50x leverage.
The GUSDT Perpetual Contract can be launched at 15:30, whereas the RAREUSDT Perpetual Contract can be launched at 16:00 on the identical day.
Each contracts can be margined in USDⓈ and can have a most funding charge of +2.00% / -2.00% at launch. Funding charges for these contracts can be paid each 4 hours.
Binance famous that it might regulate the options of those futures contracts based mostly on market situations. Potential modifications may embrace changes to the funding payment, tick dimension, most leverage, preliminary margin, or upkeep margin necessities.
Moreover, Binance Futures’ Multi-Asset Mode can be out there for these new contracts, permitting customers to commerce these contracts throughout a number of collateral belongings. For instance, customers can use BTC as margin when buying and selling the brand new perpetual contracts.
This enlargement in Binance Futures’ product choices goals to offer customers with better flexibility and alternatives of their buying and selling methods.
*This isn’t funding recommendation.
