Binance Futures to Launch USD-Margined FLUX Perpetual Contract with 75x Leverage

Binance
Futures
has
announced
the
launch
of
a
new
USDⓈ-margined
FLUXUSDT
Perpetual
Contract,
offering
up
to
75x
leverage.
This
move
is
part
of
Binance’s
ongoing
efforts
to
diversify
its
range
of
trading
products
and
enhance
the
trading
experience
for
its
users,
according
to

binance.com.

Details
of
the
New
Perpetual
Contract

The
FLUXUSDT
Perpetual
Contract
will
go
live
on
September
3,
2024,
at
07:00
(UTC).
Traders
engaging
in
this
new
offering
will
be
able
to
utilize
up
to
75x
leverage,
which
can
significantly
amplify
both
potential
gains
and
risks.

The
contract’s
funding
rate
at
launch
is
set
at
a
maximum
of
+2.00%
or
-2.00%,
with
funding
fees
settled
every
four
hours.
Binance
has
indicated
that
the
contract
specifications,
such
as
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
risk
conditions.

Additional
Features
and
Considerations

Binance’s
Multi-Assets
Mode
will
be
supported,
allowing
users
to
trade
the
FLUXUSDT
perpetual
contract
across
multiple
margin
assets.
For
example,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
this
contract,
subject
to
applicable
haircuts.

It’s
important
to
note
that
the
new
perpetual
contract
is
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
The
company
also
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice.

Market
Impact
and
User
Precautions

This
launch
comes
amid
a
broader
trend
of
cryptocurrency
exchanges
expanding
their
derivative
offerings
to
cater
to
advanced
traders
seeking
higher
leverage
and
more
diversified
trading
opportunities.
However,
Binance
has
issued
a
caution
regarding
the
risks
associated
with
futures
trading,
emphasizing
the
high
market
risk
and
price
volatility
involved.

Traders
are
advised
to
make
independent
assessments
of
the
appropriateness
of
futures
trading
in
light
of
their
own
objectives
and
circumstances.
Binance
also
encourages
users
to
visit
its
Responsible
Trading
page
for
more
information
on
how
to
protect
themselves
in
the
volatile
crypto
market.

Image
source:
Shutterstock