Binance Futures Introduces USDⓈ-Margined SYS Perpetual Contract with Up to 50x Leverage

In
a
move
to
expand
its
trading
offerings,
Binance
Futures
announces
the
introduction
of
the
SYSUSDT
Perpetual
Contract,
set
to
launch
on
August
19,
2024,
at
12:30
(UTC)
with
leverage
of
up
to
50x,
according
to

Binance.

Key
Features

The
new
SYSUSDT
Perpetual
Contract
will
feature
a
maximum
funding
rate
of
+2.00%
/
-2.00%
at
launch,
with
funding
fee
settlements
occurring
every
four
hours.
Binance
retains
the
flexibility
to
adjust
contract
specifications,
including
funding
fees,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements
based
on
market
risk
conditions.

Multi-Assets
Mode

Traders
will
benefit
from
Binance’s
Multi-Assets
Mode,
which
allows
the
use
of
multiple
margin
assets,
such
as





BTC,
when
trading
the
SYSUSDT
contract.
This
feature
is
subject
to
applicable
haircuts
and
aims
to
provide
more
trading
options
and
risk
management
tools
for
users.

Regulatory
and
Risk
Considerations

The
new
contract
is
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
should
be
aware
that
unauthorized
stablecoins
are
subject
to
restrictions
for
EEA
users
starting
June
30,
2024,
in
compliance
with
MiCA
requirements.

Binance
emphasizes
the
risks
involved
in
futures
trading,
noting
the
high
market
risk
and
price
volatility.
Investors
may
be
required
to
make
additional
margin
deposits
or
interest
payments
at
short
notice,
and
failure
to
do
so
could
result
in
the
liquidation
of
their
collateral.
Binance
advises
users
to
make
an
independent
assessment
of
the
transaction’s
appropriateness
in
light
of
their
own
objectives
and
circumstances.

Additional
Information

For
more
details,
users
are
encouraged
to
refer
to
the
official
Binance
announcement
and
the
Binance
Futures
Service
Agreement.

Image
source:
Shutterstock