Binance Futures to Introduce USDⓈ-Margined POPCAT and SUN Perpetual Contracts with 75x Leverage

Binance
Futures
has
announced
the
introduction
of
two
new
USDⓈ-margined
perpetual
contracts,
POPCATUSDT
and
SUNUSDT,
with
leverage
options
of
up
to
75x.
This
move
is
part
of
Binance’s
ongoing
efforts
to
diversify
trading
choices
and
enhance
the
user
experience,
according
to

binance.com.

Details
of
the
Launch

The
POPCATUSDT
perpetual
contract
is
set
to
go
live
on
August
22,
2024,
at
13:00
(UTC),
followed
closely
by
the
SUNUSDT
perpetual
contract
at
13:05
(UTC)
the
same
day.
These
contracts
will
offer
traders
the
opportunity
to
leverage
their
positions
up
to
75
times.

Binance
has
specified
that
the
maximum
funding
rate
at
the
time
of
launch
will
be
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.
The
exchange
has
also
indicated
that
the
specifications
of
these
contracts,
including
funding
fees,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
conditions.

Trading
Features

One
of
the
notable
features
of
these
new
contracts
is
the
Multi-Assets
Mode,
which
allows
users
to
trade
across
multiple
margin
assets,
subject
to
applicable
haircuts.
For
instance,
traders
can
use
Bitcoin
(BTC)
as
margin
when
trading
these
perpetual
contracts.
This
feature
aims
to
provide
greater
flexibility
for
traders
managing
their
portfolios.

Compliance
and
Risk
Management

These
new
perpetual
contracts
will
be
governed
by
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Traders
are
advised
to
consult
these
documents
to
understand
the
contractual
obligations
and
risk
factors
involved.

Binance
has
also
issued
a
disclaimer
highlighting
the
high
risk
associated
with
futures
trading.
Given
the
volatility
of
digital
asset
prices,
traders
are
urged
to
make
independent
assessments
and
consult
advisors
where
appropriate.
The
exchange
emphasizes
the
importance
of
responsible
trading
and
provides
resources
for
users
to
educate
themselves
on
risk
management.

Binance
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time,
and
it
advises
users
to
refer
to
the
original
English
version
of
the
announcement
for
the
most
accurate
information.

Image
source:
Shutterstock