Binance Futures has announced the launch of a new trading option, the UXLINKUSDT Perpetual Contract, which will go live on September 15, 2024, at 15:00 UTC. This contract will offer up to 75x leverage, providing traders with an additional high-risk, high-reward tool to enhance their trading strategies.
At launch, the maximum funding rate for the UXLINKUSDT contract is set at +2.00% / -2.00%, with funding fees settled every four hours. Binance has stated that it may adjust the contract specifications over time in response to market conditions. These adjustments could include changes to the funding fee, tick size, leverage limits, and margin requirements.
The new contract will also support Multi-Assets Mode, allowing traders to use multiple margin assets, such as Bitcoin (BTC), when trading the UXLINKUSDT contract. This feature offers added flexibility for those looking to optimize their trading strategies across different assets.
As with all products on Binance, the UXLINKUSDT Perpetual Contract is subject to the platform’s Terms of Use and the Binance Futures Service Agreement.
