Binance Futures Introduces VOXEL Perpetual Contract With 50x Leverage

Binance
Futures
is
poised
to
enhance
its
trading
offerings
with
the
launch
of
the
VOXELUSDT
Perpetual
Contract,
allowing
traders
to
leverage
their
positions
up
to
50
times,
according
to

Binance.com.

Details
of
the
New
Contract

The
VOXELUSDT
Perpetual
Contract
will
be
available
for
trading
starting
August
20,
2024,
at
10:30
(UTC).
This
new
derivative
product
will
feature
a
maximum
leverage
of
50x,
providing
traders
the
opportunity
to
maximize
their
potential
returns,
albeit
with
increased
risk.

The
maximum
funding
rate
at
launch
is
set
at
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.
Binance
has
noted
that
it
may
adjust
the
specifications
of
this
futures
contract,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
based
on
market
conditions.

Multi-Assets
Mode

Binance
Futures
will
support
Multi-Assets
Mode
for
the
VOXELUSDT
contract.
This
feature
allows
users
to
trade
the
contract
across
multiple
margin
assets,
subject
to
applicable
haircuts.
For
instance,
traders
can
use
Bitcoin
(BTC)
as
margin
when
trading
the
VOXELUSDT
perpetual
contract.

Terms
and
Conditions

The
VOXELUSDT
Perpetual
Contract
is
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
are
advised
to
review
these
terms
carefully
before
engaging
in
trading
activities.

Binance
has
also
issued
a
disclaimer
regarding
the
volatility
of
digital
asset
prices
and
the
high
market
risk
associated
with
futures
trading.
Traders
are
reminded
that
they
are
solely
responsible
for
their
investment
decisions
and
that
Binance
is
not
liable
for
any
losses
incurred.
For
more
information
on
responsible
trading
practices,
users
can
visit
Binance’s
Responsible
Trading
page.

As
the
cryptocurrency
market
continues
to
evolve,
Binance
remains
at
the
forefront
by
expanding
its
product
offerings
to
meet
the
diverse
needs
of
its
user
base.
The
introduction
of
the
VOXELUSDT
Perpetual
Contract
is
a
testament
to
Binance’s
commitment
to
providing
a
comprehensive
trading
experience.

Image
source:
Shutterstock