Binance Futures is set to expand its offerings with the launch of SLERFUSDT and SCRTUSDT perpetual contracts on November 21, 2024, at 11:30 UTC, enabling leverage of up to 75x for traders.
Details of the Launch
- SLERFUSDT: Tied to SLERF (contract address:
7BgBvyjrZX1YKz4oh9mjb8ZScatkkwb8DzFx7LoiVkM3). - SCRTUSDT: Tied to Secret (SCRT) (contract address:
ibc/0954E1C28EB7AF5B72D24F3BC2B47BBB2FDF91BDDFD57B74B99E133AED40972A).
The contracts are USDⓈ-margined, and the funding rate will have a maximum range of +2.00% / -2.00%, settled every four hours.
Trading Features
Binance Futures allows users to trade these contracts using the Multi-Assets Mode, which provides flexibility in margin assets. For instance, traders can use BTC as margin when trading SLERFUSDT or SCRTUSDT.
Dynamic Risk Management
Binance will actively monitor and adjust contract specifications based on market conditions. This includes potential changes to:
- Funding fees
- Tick size
- Leverage limits
- Margin requirements
Expanding Trading Options
With these new listings, Binance Futures continues to enhance its trading ecosystem, catering to diverse trading strategies while maintaining robust risk management mechanisms. The launch reinforces Binance’s commitment to providing an expansive range of leveraged trading options for its global user base.
