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

Binance
Futures
is
set
to
expand
its
trading
offerings
with
the
introduction
of
a
USDⓈ-margined
RPL
perpetual
contract,
allowing
leverage
up
to
75x.
This
new
trading
option
will
be
available
starting
September
9,
2024,
at
12:30
UTC,
according
to

Binance.

Key
Features
and
Specifications

The
RPLUSDT
perpetual
contract
will
feature
a
maximum
funding
rate
of
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.
Binance
has
highlighted
that
adjustments
to
the
contract’s
specifications,
including
funding
fees,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
made
based
on
market
risk
conditions.

Multi-Assets
Mode

Traders
can
utilize
the
Multi-Assets
Mode
to
engage
in
the
RPLUSDT
perpetual
contract
across
multiple
margin
assets,
subject
to
applicable
haircuts.
For
instance,
Bitcoin
(BTC)
can
be
used
as
margin
when
trading
this
contract
under
the
Multi-Assets
Mode.

Compliance
and
Risk
Management

The
new
perpetual
contract
will
be
governed
by
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Binance
has
also
advised
traders
to
be
aware
of
potential
discrepancies
in
translated
versions
of
the
announcement
and
to
refer
to
the
original
English
version
for
the
most
accurate
information.

Market
Context

This
launch
comes
amid
a
growing
demand
for
diverse
trading
instruments
in
the
cryptocurrency
market.
Binance’s
move
to
introduce
high-leverage
products
reflects
an
ongoing
trend
among
major
exchanges
to
cater
to
sophisticated
traders
looking
for
higher
risk-reward
opportunities.

However,
Binance
has
cautioned
users
regarding
the
inherent
risks
associated
with
futures
trading,
including
high
market
risk
and
price
volatility.
Traders
are
urged
to
make
independent
assessments
of
the
appropriateness
of
such
transactions
in
light
of
their
own
objectives
and
circumstances.

For
more
information,
visit
the
official

Binance
announcement
page.

Image
source:
Shutterstock