Binance Futures Introduces USDⓈ-Margined BSW Perpetual Contract with Up to 75x Leverage

Binance
Futures
is
set
to
launch
a
new
USDⓈ-Margined
BSW
Perpetual
Contract
with
up
to
75x
leverage,
according
to
Binance.com.
The
new
trading
option
will
be
available
starting
September
5,
2024,
at
06:00
UTC.

Key
Features
and
Specifications

The
new
BSWUSDT
Perpetual
Contract
will
offer
traders
the
opportunity
to
leverage
their
positions
up
to
75
times.
The
maximum
funding
rate
at
launch
will
be
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.

Binance
has
emphasized
that
the
specifications
of
the
BSWUSDT
Perpetual
Contract,
such
as
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
risk
conditions.

Multi-Assets
Mode

The
Multi-Assets
Mode
feature
will
allow
users
to
trade
the
BSWUSDT
Perpetual
Contract
across
multiple
margin
assets.
For
example,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
this
contract,
subject
to
applicable
haircuts.

Compliance
and
Terms

Binance
has
stated
that
the
BSWUSDT
Perpetual
Contract
will
be
subject
to
its
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
are
advised
to
refer
to
these
documents
for
detailed
terms
and
conditions.

Risk
and
Advisory

Binance
has
issued
a
cautionary
note
regarding
the
high
market
risks
and
price
volatility
associated
with
futures
trading.
Users
may
be
required
to
make
additional
margin
deposits
or
interest
payments
at
short
notice,
and
their
collateral
may
be
liquidated
without
consent
if
required
deposits
or
payments
are
not
made
in
time.

For
more
detailed
information,
users
can
refer
to
the

official
announcement
on
Binance.com.

Image
source:
Shutterstock