Binance Futures to Launch USDⓈ-Margined QUICK Perpetual Contract with 75x Leverage

Binance
Futures
is
expanding
its
trading
offerings
with
the
introduction
of
a
USDⓈ-Margined
QUICK
Perpetual
Contract,
providing
traders
with
leverage
options
up
to
75x.
The
contract
will
be
available
starting
September
6,
2024,
at
05:00
(UTC),
according
to

Binance.

New
Trading
Opportunities

The
launch
of
the
QUICKUSDT
Perpetual
Contract
is
aimed
at
expanding
the
array
of
trading
choices
available
on
Binance
Futures.
This
move
is
expected
to
enhance
the
trading
experience
for
users
by
providing
greater
flexibility
and
options.

The
perpetual
contract
will
have
a
maximum
funding
rate
of
+2.00%
/
-2.00%
at
the
time
of
launch,
with
funding
fees
settled
every
four
hours.
Binance
reserves
the
right
to
adjust
the
contract
specifications,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
based
on
market
conditions.

Multi-Assets
Mode

Traders
can
also
take
advantage
of
Binance’s
Multi-Assets
Mode,
which
allows
the
use
of
multiple
margin
assets
for
trading
the
QUICKUSDT
perpetual
contract.
For
example,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
this
contract,
subject
to
applicable
haircuts.

The
new
contract
will
be
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Traders
are
advised
to
consult
these
documents
to
understand
the
terms
and
conditions
fully.

Risk
and
Compliance

Binance
has
also
emphasized
the
importance
of
understanding
the
risks
associated
with
futures
trading,
which
is
subject
to
high
market
risk
and
price
volatility.
Users
are
responsible
for
their
investment
decisions,
and
Binance
will
not
be
liable
for
any
losses
incurred.
The
platform
advises
users
to
make
an
independent
assessment
of
the
appropriateness
of
any
transaction
in
light
of
their
own
objectives
and
circumstances.

In
compliance
with
MiCA
requirements,
from
June
30,
2024,
unauthorized
stablecoins
will
be
subject
to
certain
restrictions
for
EEA
users.
Binance
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice.

Image
source:
Shutterstock