Binance Futures to Launch G and RARE Perpetual Contracts with Up to 50x Leverage

Binance
Futures
is
set
to
expand
its
trading
offerings
with
the
introduction
of
two
new
USDⓈ-margined
perpetual
contracts,
according
to

Binance.
The
GUSDT
and
RAREUSDT
contracts
will
be
available
for
trading
starting
August
15,
2024,
providing
traders
with
up
to
50x
leverage.

Launch
Details

The
GUSDT
perpetual
contract
will
go
live
at
12:30
(UTC),
followed
by
the
RAREUSDT
perpetual
contract
at
13:00
(UTC)
on
the
same
day.
These
contracts
aim
to
enhance
users’
trading
experience
by
offering
more
diverse
trading
options.

Contract
Specifications

At
launch,
the
maximum
funding
rate
for
these
perpetual
contracts
will
be
set
at
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.
Binance
has
indicated
that
contract
specifications,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
conditions.

Multi-Assets
Mode

Binance
also
highlighted
the
availability
of
its
Multi-Assets
Mode
for
these
new
contracts.
This
feature
allows
users
to
trade
across
multiple
margin
assets,
subject
to
applicable
haircuts.
For
instance,
users
can
use





BTC
as
margin
when
trading
the
GUSDT
and
RAREUSDT
perpetual
contracts.

Compliance
and
Risk
Management

These
new
perpetual
contracts
will
adhere
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Binance
has
also
issued
a
disclaimer
highlighting
the
risks
associated
with
futures
trading,
emphasizing
the
importance
of
understanding
market
volatility
and
potential
financial
losses.

For
more
detailed
information,
interested
parties
can
refer
to
the
original
announcement
on
the
Binance
website.

Image
source:
Shutterstock