Binance Futures Introduces USDⓈ-Margined CHESS Perpetual Contract with 75x Leverage

Binance
Futures
is
expanding
its
range
of
trading
options
by
launching
a
new
USDⓈ-Margined
CHESS
Perpetual
Contract
with
up
to
75x
leverage.
This
new
contract
will
be
available
starting
August
29,
2024,
at
07:30
(UTC),
according
to
a
recent
announcement
by
Binance.

Enhanced
Trading
Experience

The
introduction
of
the
CHESSUSDT
Perpetual
Contract
aims
to
enhance
the
trading
experience
for
users
by
providing
more
trading
choices.
The
contract
will
offer
a
maximum
funding
rate
of
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.

Adjustable
Specifications

Binance
has
indicated
that
it
may
adjust
various
specifications
of
the
contract
based
on
market
risk
conditions.
These
adjustments
could
include
changes
to
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements.

Multi-Assets
Mode

Users
will
also
have
the
option
to
trade
the
CHESSUSDT
Perpetual
Contract
across
multiple
margin
assets
through
Binance’s
Multi-Assets
Mode.
This
feature
allows
users
to
use
different
assets,
such
as
Bitcoin
(BTC),
as
margin
when
trading
the
contract,
subject
to
applicable
haircuts.

Terms
and
Conditions

The
CHESSUSDT
Perpetual
Contract
is
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
are
advised
to
reference
the
original
English
version
of
the
announcement
for
the
most
accurate
and
up-to-date
information,
as
translations
may
contain
discrepancies.

For
more
details,
visit
the

official
announcement
on
Binance’s
website.

Binance
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
without
prior
notice.
Users
should
consult
their
own
advisors
for
financial
or
investment
advice
and
be
aware
of
the
risks
involved
in
futures
trading.

Image
source:
Shutterstock