Binance Futures is set to expand its trading options by launching two new USDⓈ-margined perpetual contracts: POPCATUSDT and SUNUSDT. The new contracts will go live on August 22, 2024, at 13:00 (UTC) and 13:05 (UTC) respectively, offering traders the opportunity to leverage up to 75x.
The maximum funding rate for these contracts at launch is set at +2.00% / -2.00%, with funding fees being settled every four hours. This frequent settlement is designed to ensure that the contracts reflect real-time market conditions, allowing traders to adjust their positions accordingly.
Binance emphasized that contract specifications such as the funding fee, tick size, maximum leverage, and margin requirements may be adjusted based on prevailing market risks. These changes are aimed at maintaining a balanced and fair trading environment for users.
Additionally, Binance’s Multi-Assets Mode is available for these new contracts, enabling users to trade across multiple margin assets. For example, traders can use BTC as margin when trading POPCATUSDT or SUNUSDT contracts.
The introduction of these new contracts aligns with Binance Futures’ strategy to offer a wider array of trading instruments, catering to the diverse needs of its users while enhancing the overall trading experience.
