Binance Futures to Introduce KDAUSDT Perpetual Contract with 75x Leverage

Binance
Futures
is
set
to
expand
its
trading
options
by
introducing
the
KDAUSDT
Perpetual
Contract
with
leverage
up
to
75x,
according
to
an
announcement
from
the
company.
The
new
contract
will
be
available
starting
September
18,
2024,
at
13:30
(UTC).

Details
of
the
KDAUSDT
Perpetual
Contract

The
KDAUSDT
Perpetual
Contract
will
feature
a
maximum
funding
rate
of
+2.00%
/
-2.00%
at
the
time
of
launch.
The
funding
fee
will
be
settled
every
four
hours.
Binance
has
noted
that
the
specifications,
including
funding
fees,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
risk
conditions.

Multi-Assets
Mode
and
Terms

Users
will
have
the
option
to
trade
the
KDAUSDT
perpetual
contract
using
multiple
margin
assets
through
Binance’s
Multi-Assets
Mode.
For
instance,
traders
can
use
Bitcoin
(BTC)
as
margin
when
this
mode
is
activated.
The
contract
will
be
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.

Binance
also
highlighted
potential
discrepancies
in
translated
versions
of
the
announcement,
advising
users
to
refer
to
the
original
English
version
for
the
most
accurate
information.

Market
Impact
and
User
Experience

This
move
aims
to
enhance
the
trading
experience
for
Binance
users
by
providing
more
diverse
trading
options.
The
introduction
of
high-leverage
contracts
such
as
KDAUSDT
is
likely
to
attract
both
retail
and
institutional
traders
looking
for
more
sophisticated
trading
instruments.

For
additional
details,
the
official
announcement
can
be
found
on

Binance.

Image
source:
Shutterstock