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

Binance
Futures
has
announced
the
upcoming
launch
of
its
USDⓈ-Margined
UXLINKUSDT
Perpetual
Contract,
which
will
be
available
starting
September
15,
2024,
at
15:00
UTC.
The
new
contract
will
offer
traders
the
opportunity
to
leverage
their
positions
up
to
75
times,
according
to
Binance.

Contract
Specifications
and
Features

According
to
the
announcement,
the
new
UXLINKUSDT
Perpetual
Contract
will
have
a
maximum
funding
rate
of
+2.00%
/
-2.00%
at
the
time
of
launch.
The
funding
fee
will
be
settled
every
four
hours.
Binance
also
mentioned
that
the
specifications
of
this
futures
contract,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
risk
conditions.

Multi-Assets
Mode

The
platform’s
Multi-Assets
Mode
will
allow
users
to
trade
the
UXLINKUSDT
perpetual
contract
across
multiple
margin
assets,
subject
to
applicable
haircuts.
For
instance,
when
this
mode
is
activated,
users
can
use





BTC
as
margin
for
trading
the
new
perpetual
contract.

Terms
and
Conditions

The
UXLINKUSDT
Perpetual
Contract
is
subject
to
Binance’s
Terms
of
Use
and
Binance
Futures
Service
Agreement.
Traders
should
be
aware
of
potential
discrepancies
in
translated
versions
of
the
announcement
and
refer
to
the
original
English
version
for
the
most
accurate
information.

For
more
details,
visit
the
original
announcement
on

Binance.

Image
source:
Shutterstock