Binance Futures to Launch USDⓈ-Margined NULS and DOGS Perpetual Contracts with 75x Leverage

Binance
Futures
has
announced
the
introduction
of
USDⓈ-margined
NULS
and
DOGS
perpetual
contracts,
which
will
offer
up
to
75x
leverage.
The
launch
dates
for
these
contracts
are
set
for
August
26,
2024,
with
the
NULSUSDT
perpetual
contract
going
live
at
08:30
(UTC)
and
the
DOGSUSDT
perpetual
contract
at
12:30
(UTC),
according
to

Binance.

Contract
Specifications

The
new
perpetual
contracts
will
have
a
maximum
funding
rate
of
+2.00%
/
-2.00%
at
the
time
of
launch,
with
the
funding
fee
settlement
frequency
set
at
every
four
hours.
Binance
has
also
stated
that
it
may
adjust
the
specifications
of
these
futures
contracts
based
on
market
risk
conditions.
Adjustments
could
include
changes
to
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements.

Multi-Assets
Mode

These
contracts
will
support
Binance’s
Multi-Assets
Mode,
allowing
users
to
trade
across
multiple
margin
assets.
For
instance,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
these
perpetual
contracts.
This
feature
is
subject
to
applicable
haircuts
and
is
designed
to
offer
greater
flexibility
to
traders.

Regulatory
and
Risk
Considerations

The
new
contracts
are
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Binance
has
also
issued
a
disclaimer
regarding
the
volatility
and
risks
associated
with
digital
asset
prices
and
futures
trading.
The
exchange
emphasizes
that
users
are
solely
responsible
for
their
investment
decisions
and
that
futures
trading
is
particularly
susceptible
to
high
market
risk
and
price
volatility.

Binance
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice.
Users
are
advised
to
consult
the
original
English
version
for
the
most
accurate
information,
as
there
may
be
discrepancies
in
translated
versions.

The
launch
of
these
new
perpetual
contracts
is
part
of
Binance’s
ongoing
efforts
to
expand
its
range
of
trading
options
and
enhance
the
overall
trading
experience
for
its
users.

Image
source:
Shutterstock