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
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