Binance Futures Introduces VIDT Perpetual Contract with 75x Leverage

Binance,
the
leading
cryptocurrency
exchange,
has
announced
the
launch
of
a
new
USDⓈ-margined
VIDTUSDT
Perpetual
Contract,
set
to
go
live
on
August
23,
2024,
at
09:30
(UTC).
This
new
offering
will
allow
traders
to
leverage
their
positions
up
to
75
times,
according
to

Binance.com.

Key
Features
and
Details

The
VIDTUSDT
Perpetual
Contract
is
designed
to
enhance
users’
trading
experience
by
expanding
the
list
of
available
trading
choices
on
Binance
Futures.
The
contract
will
feature
a
maximum
funding
rate
of
+2.00%
/
-2.00%
at
the
time
of
launch,
with
funding
fees
settled
every
four
hours.

Moreover,
Binance
has
stated
that
it
may
adjust
the
specifications
of
the
VIDTUSDT
Perpetual
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
and
Terms

Traders
using
Binance’s
Multi-Assets
Mode
will
be
able
to
trade
the
VIDTUSDT
contract
across
multiple
margin
assets,
subject
to
applicable
haircuts.
For
instance,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
this
new
perpetual
contract.

The
VIDTUSDT
Perpetual
Contract
will
be
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
are
advised
to
review
these
terms
to
understand
the
full
scope
and
risks
involved
in
trading
futures
contracts.

Market
Context

The
introduction
of
the
VIDTUSDT
Perpetual
Contract
comes
amid
a
broader
push
by
Binance
to
diversify
its
product
offerings
and
cater
to
the
growing
demand
for
leveraged
trading
options.
Leveraged
trading
allows
users
to
amplify
their
positions,
potentially
increasing
both
profits
and
risks.

This
move
aligns
with
Binance’s
ongoing
efforts
to
maintain
its
competitive
edge
in
the
rapidly
evolving
cryptocurrency
market.
By
offering
higher
leverage
options,
Binance
aims
to
attract
more
sophisticated
traders
looking
for
greater
flexibility
and
potential
returns.

Important
Considerations

Binance
has
issued
a
disclaimer
noting
that
digital
asset
prices
can
be
highly
volatile,
and
futures
trading
carries
significant
market
risk
and
price
volatility.
Users
are
responsible
for
their
own
investment
decisions
and
should
conduct
thorough
research
and
consult
financial
advisors
if
necessary.

Additionally,
Binance
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice.
For
the
most
accurate
and
up-to-date
information,
users
are
encouraged
to
refer
to
the
original
English
version
of
the
announcement.

Image
source:
Shutterstock