Binance Futures to Launch G and RARE Perpetual Contracts with Up to 50x Leverage
James Ding Aug 15, 2024 10:35
Binance Futures will introduce GUSDT and RAREUSDT perpetual contracts on August 15, 2024, offering up to 50x leverage, enhancing trading options.
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.
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