Binance Futures has announced the launch of the MOODENGUSDT perpetual contract, set to go live on October 25, 2024, at 10:00 (UTC). The new USDⓈ-margined contract will offer traders the opportunity to leverage their positions up to 75x.
Key Details of MOODENGUSDT Perpetual Contract
- Launch Date: October 25, 2024, 10:00 (UTC)
- Maximum Leverage: 75x
- Asset Details: The contract is for “Moo Deng (moodengsol.com)” (MOODENG)
- Contract Address for Verification: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
Funding Rates and Adjustments
- Initial Funding Rate: ±2.00%
- Funding Fee Settlement: Every four hours
- Binance reserves the right to adjust contract specifications—including leverage, funding fees, tick size, and margin requirements—based on market risk conditions.
Multi-Assets Mode Support
The Multi-Assets Mode will allow traders to use multiple margin assets for trading the MOODENGUSDT perpetual contract. For instance, users can utilize BTC as margin when engaging in MOODENGUSDT trades.
This launch broadens Binance’s trading options and caters to users seeking diverse instruments and high-leverage opportunities. As always, traders are encouraged to manage risk carefully given the volatility associated with leveraged futures contracts.
