Binance Futures announced it will introduce a USDⓈ-Margined 1000CATUSDT Perpetual Contract on October 21, 2024, at 12:30 (UTC), offering traders up to 75x leverage. The new listing aims to enhance users’ trading experience and broaden the range of futures products available on the platform.
Key Contract Features
- Maximum Leverage: 75x
- Initial Funding Rate: ±2.00%
- Funding Fee Settlement: Every four hours
- Launch Time: October 21, 12:30 (UTC)
The 1000CATUSDT contract will allow users to trade at high leverage, with USDⓈ-margin requirements. Binance noted that the Multi-Assets Mode will be available for the new contract, enabling users to use other assets—such as BTC—as margin, subject to applicable asset haircuts.
Adjustable Trading Conditions
Binance reserves the right to modify the specifications of the 1000CATUSDT contract based on market risk conditions. Adjustments could affect various parameters such as:
- Funding fees
- Tick size
- Maximum leverage
- Initial and maintenance margin requirements
These flexible adjustments aim to ensure a stable and optimized trading environment for users, especially during volatile market conditions.
Expanding Futures Offerings
The launch of the 1000CATUSDT Perpetual Contract is part of Binance Futures’ strategy to expand its offerings, catering to both experienced and high-risk traders. With up to 75x leverage, the product appeals to users seeking enhanced returns, though Binance advises caution given the potential for rapid price movements and liquidations.
As crypto derivatives gain popularity, Binance continues to position itself as a leader in futures trading, offering diverse instruments to meet evolving trader demands.
