Binance Futures to Launch USDⓈ-M MEW Perpetual Contract with 50x Leverage

Binance
Futures
is
set
to
expand
its
trading
offerings
by
launching
the
USDⓈ-M
MEW
Perpetual
Contract,
according
to
an
official
announcement.
This
new
contract
will
be
available
starting
June
17,
2024,
at
14:00
(UTC)
and
will
feature
leverage
of
up
to
50x.

Contract
Specifications
and
Features

The
USDⓈ-M
MEW
Perpetual
Contract
comes
with
several
noteworthy
features.
The
maximum
funding
rate
at
the
time
of
launch
is
set
at
+2.00%
/
-2.00%,
with
the
funding
fee
settlement
occurring
every
four
hours.
Notably,
Binance
reserves
the
right
to
adjust
contract
specifications,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
based
on
market
risk
conditions.

Additionally,
the
Multi-Assets
Mode
will
be
applicable
to
this
contract,
allowing
users
to
utilize
multiple
margin
assets.
For
instance,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
the
MEWUSDT
Perpetual
Contract,
subject
to
applicable
haircuts.

Terms
and
Conditions

The
MEWUSDT
Perpetual
Contract
will
be
governed
by
the

Binance
Terms
of
Use
and
the

Binance
Futures
Service
Agreement.
It
is
crucial
for
users
to
understand
that
futures
trading
involves
high
market
risk
and
price
volatility.
Investors
may
be
required
to
make
additional
margin
deposits
or
interest
payments
on
short
notice,
and
failure
to
meet
these
requirements
could
result
in
the
liquidation
of
their
collateral.

Binance
has
also
issued
a
disclaimer
highlighting
the
risks
associated
with
digital
asset
trading.
Prices
can
be
volatile,
and
the
value
of
investments
may
fluctuate.
Users
are
advised
to
make
independent
assessments
and
consult
advisers
where
appropriate.
Binance
is
not
liable
for
any
losses
incurred
from
trading
activities.

Implications
for
the
Market

The
introduction
of
the
USDⓈ-M
MEW
Perpetual
Contract
with
high
leverage
is
expected
to
attract
traders
looking
for
diversified
trading
options
and
enhanced
leverage
opportunities.
This
move
by
Binance
aligns
with
its
strategy
to
offer
a
broad
range
of
trading
instruments
and
improve
the
overall
trading
experience
for
its
users.

For
more
information,
you
can
read
the
full
announcement
on

Binance.com.

Image
source:
Shutterstock