Binance Futures to Introduce USDⓈ-Margined SYN Perpetual Contract with 50x Leverage

Binance
Futures
is
set
to
expand
its
trading
options
with
the
launch
of
the
USDⓈ-Margined
SYN
Perpetual
Contract
on
August
16,
2024.
This
new
offering
will
allow
traders
to
leverage
up
to
50x,
according
to
an
official
announcement
from

Binance.

Key
Features
and
Specifications

The
SYNUSDT
Perpetual
Contract
is
designed
to
enhance
the
trading
experience
by
providing
more
choices
for
traders.
The
contract
will
officially
go
live
at
12:30
UTC
on
the
launch
date.
The
maximum
funding
rate
at
the
time
of
launch
is
set
at
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.

Binance
has
indicated
that
the
specifications
of
the
SYNUSDT
contract,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
subject
to
adjustments
depending
on
market
risk
conditions.

Multi-Assets
Mode

Traders
will
also
benefit
from
Binance’s
Multi-Assets
Mode,
which
allows
the
use
of
multiple
margin
assets
for
trading
the
SYNUSDT
contract.
For
instance,
users
can
utilize





Bitcoin
(BTC)
as
margin
when
this
mode
is
activated,
subject
to
the
applicable
haircuts.

Regulatory
and
Risk
Considerations

Binance
noted
that
the
SYNUSDT
Perpetual
Contract
would
be
subject
to
the
platform’s
Terms
of
Use
and
Futures
Service
Agreement.
Additionally,
traders
are
reminded
of
the
high
market
risk
and
price
volatility
associated
with
futures
trading.
Binance
emphasizes
the
importance
of
understanding
these
risks
and
making
informed
investment
decisions.

The
exchange
also
highlighted
compliance
with
MiCA
requirements,
which
impose
certain
restrictions
on
unauthorized
stablecoins
for
EEA
users
from
June
30,
2024.

Conclusion

With
the
introduction
of
the
USDⓈ-Margined
SYN
Perpetual
Contract,
Binance
Futures
continues
to
expand
its
range
of
trading
products,
providing
users
with
more
opportunities
and
flexibility.
Traders
are
encouraged
to
review
all
relevant
terms
and
conditions
and
consider
the
associated
risks
before
engaging
in
futures
trading.

Image
source:
Shutterstock