Binance Futures to Introduce WIFUSD COIN-M Perpetual Contract with 20x Leverage

Binance
Futures
is
set
to
launch
a
new
WIFUSD
COIN-M
Perpetual
Contract,
which
will
be
available
to
traders
starting
July
23,
2024,
at
12:00
(UTC).
This
new
financial
instrument
will
offer
leverage
of
up
to
20x,
according
to
an
official
announcement
from

Binance.

Contract
Details
and
Features

The
WIFUSD
COIN-M
Perpetual
Contract
comes
with
several
key
features
designed
to
appeal
to
both
novice
and
experienced
traders.
Notably,
the
contract
will
have
a
funding
fee
settlement
frequency
of
every
eight
hours.
Binance
has
also
indicated
that
it
may
adjust
various
contract
specifications,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
in
response
to
market
risk
conditions.

All
trading
activities
related
to
the
WIFUSD
COIN-M
Perpetual
Contract
will
be
governed
by
the
Binance
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Traders
are
advised
to
review
these
documents
to
fully
understand
the
terms
and
conditions
applicable
to
this
new
financial
product.

Risk
and
Compliance

Binance
has
issued
a
disclaimer
highlighting
the
inherent
risks
associated
with
digital
asset
trading,
particularly
futures
trading,
which
is
subject
to
high
market
risk
and
price
volatility.
Traders
may
be
required
to
make
additional
margin
deposits
or
interest
payments
on
short
notice,
and
failure
to
do
so
could
result
in
the
liquidation
of
collateral
without
consent.
Binance
emphasizes
the
importance
of
conducting
an
independent
assessment
of
the
risks
and
benefits
associated
with
futures
trading
before
participating.

Market
Impact

The
introduction
of
the
WIFUSD
COIN-M
Perpetual
Contract
is
part
of
Binance
Futures’
ongoing
efforts
to
expand
its
product
offerings
and
provide
traders
with
more
diverse
trading
options.
The
new
contract
is
expected
to
attract
significant
interest,
given
its
high
leverage
and
the
flexibility
it
offers
to
traders
looking
to
capitalize
on
market
movements.

As
the
market
for
cryptocurrency
derivatives
continues
to
grow,
Binance
remains
at
the
forefront,
consistently
introducing
innovative
products
to
meet
the
evolving
needs
of
its
user
base.
The
launch
of
the
WIFUSD
COIN-M
Perpetual
Contract
is
a
testament
to
Binance’s
commitment
to
enhancing
its
trading
platform.

For
more
detailed
information,
traders
can
refer
to
the
official
announcement
on
Binance’s
website.

Image
source:
Shutterstock