Binance Futures Introduces CATIUSDT and HMSTRUSDT Perpetual Contracts with 75x Leverage

Binance
Futures
has
announced
the
introduction
of
two
new
USDⓈ-margined
perpetual
contracts:
CATIUSDT
and
HMSTRUSDT,
with
leverage
options
of
up
to
75x,
according
to

Binance.

Launch
Details

The
CATIUSDT
perpetual
contract
will
be
available
for
trading
starting
on
September
20,
2024,
at
10:30
UTC.
The
HMSTRUSDT
perpetual
contract
will
follow
on
September
26,
2024,
at
12:30
UTC.
Both
contracts
will
allow
traders
to
utilize
up
to
75x
leverage.

Contract
Specifications

Binance
has
outlined
several
important
details
regarding
these
new
contracts:

• The
  maximum
  funding
  rate
  at
  launch
  is
  set
  at
  +2.00%
  /
  -2.00%.
• Funding
  fee
  settlement
  will
  occur
  every
  four
  hours.
• Specifications
  such
  as
  funding
  fee,
  tick
  size,
  maximum
  leverage,
  initial
  margin,
  and
  maintenance
  margin
  requirements
  may
  be
  adjusted
  based
  on
  market
  risk
  conditions.
• The
  tick
  size
  for
  these
  contracts
  will
  be
  confirmed
  and
  updated
  in
  the
  announcement.
• Multi-Assets
  Mode
  will
  be
  available,
  allowing
  users
  to
  trade
  these
  contracts
  across
  multiple
  margin
  assets,
  subject
  to
  applicable
  haircuts.
  For
  example,
  users
  can
  use
  BTC
  as
  margin
  when
  trading
  these
  contracts.
• These
  contracts
  will
  adhere
  to
  the
  Binance
  Terms
  of
  Use
  and
  the
  Binance
  Futures
  Service
  Agreement.

Market
Impact
and
Trading
Environment

The
introduction
of
these
perpetual
contracts
is
part
of
Binance’s
strategy
to
enhance
the
trading
experience
and
expand
the
range
of
trading
instruments
available
on
its
platform.
By
offering
high
leverage
options,
Binance
aims
to
attract
more
traders
seeking
to
maximize
their
potential
returns,
although
this
comes
with
increased
risk.

The
cryptocurrency
market
has
seen
a
surge
in
the
popularity
of
perpetual
contracts
due
to
their
flexibility
and
the
ability
to
trade
without
expiration
dates.
However,
the
high
leverage
offered
by
such
contracts
can
lead
to
significant
gains
as
well
as
substantial
losses,
emphasizing
the
need
for
responsible
trading
practices.

Conclusion

Binance
continues
to
innovate
and
expand
its
offerings
in
the
cryptocurrency
trading
space.
The
launch
of
the
CATIUSDT
and
HMSTRUSDT
perpetual
contracts
with
up
to
75x
leverage
provides
traders
with
new
opportunities,
but
also
underscores
the
importance
of
understanding
the
risks
involved
in
high-leverage
trading.

For
further
information
and
updates,
traders
are
encouraged
to
visit
the
official
Binance
announcement
page.

Image
source:
Shutterstock