Binance Futures announced it will expand its range of trading options with the launch of HIPPOUSDT and 1000XUSDT perpetual contracts, allowing users to trade with up to 75x leverage. This offering is set to go live on November 13, 2024, at 12:30 (UTC).
These new futures contracts are based on the tokens “sudeng” (HIPPO) and “X Empire” (1000X). Binance has provided contract addresses to verify each asset: HIPPO can be verified at 0x8993129d72e733985f7f1a00396cbd055bad6f817fee36576ce483c8bbb8b87band 1000X at EQB4zZusHsbU2vVTPqjhlokIOoiZhEdCMT703CWEzhTOo__X.
The perpetual contracts will include a maximum funding rate of +2.00%/-2.00%, with funding fee settlements occurring every four hours. Binance Futures retains the flexibility to adjust contract specifications such as leverage limits, funding fees, and margin requirements based on market conditions to mitigate trading risks.
Users opting to trade these contracts under Binance’s Multi-Assets Mode can use various margin assets, including BTC, to back their trades on HIPPOUSDT and 1000XUSDT contracts. This feature supports increased trading flexibility and helps users diversify their margin assets.
With the new listings, Binance Futures continues its commitment to broadening trading options, aiming to deliver a diversified and adaptable experience for its global user base.
