Binance Futures Unveils USDⓈ-Margined FIDA/USDT Perpetual Contract with 75x Leverage

In
a
significant
development
for
the
cryptocurrency
trading
community,
Binance
Futures
has
announced
the
launch
of
a
new
USDⓈ-Margined
FIDA/USDT
Perpetual
Contract.
The
new
contract
will
be
available
starting
September
19,
2024,
at
12:30
UTC,
and
will
offer
leverage
of
up
to
75x,
according
to
Binance.

New
Trading
Opportunities

This
launch
aims
to
expand
the
array
of
trading
options
available
on
Binance
Futures,
thereby
enhancing
the
overall
trading
experience
for
users.
The
FIDA/USDT
Perpetual
Contract
will
allow
traders
to
speculate
on
the
future
price
movements
of
the
FIDA
token
against
USDT,
providing
a
versatile
tool
for
both
hedging
and
speculative
strategies.

Contract
Specifications

Key
details
about
the
new
contract
include
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
also
indicated
that
the
specifications
for
this
futures
contract,
such
as
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
may
be
adjusted
based
on
market
risk
conditions.

Multi-Assets
Mode

Another
notable
feature
is
the
Multi-Assets
Mode,
which
allows
users
to
trade
this
perpetual
contract
across
multiple
margin
assets.
For
example,
when
this
mode
is
activated,
users
can
use
BTC
as
margin
when
trading
the
FIDA/USDT
Perpetual
Contract.
This
offers
greater
flexibility
for
traders
who
hold
diverse
portfolios.

Compliance
and
Risk
Management

The
new
contract
will
be
subject
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Binance
has
also
advised
users
to
consult
the
original
English
version
of
announcements
for
the
most
accurate
information,
noting
that
there
may
be
discrepancies
in
translated
versions.

Binance
has
reiterated
the
importance
of
understanding
the
risks
associated
with
futures
trading.
The
platform
emphasized
that
futures
trading
is
subject
to
high
market
risk
and
price
volatility,
and
traders
may
be
required
to
make
additional
margin
deposits
or
interest
payments
at
short
notice.

For
more
details,
visit
the
official
announcement
on

Binance.

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source:
Shutterstock