Binance Futures Introduces USDⓈ-Margined SYS Perpetual Contract with Up to 50x Leverage
Iris Coleman Aug 19, 2024 08:54
Binance Futures will launch the SYSUSDT Perpetual Contract with up to 50x leverage, starting August 19, 2024, at 12:30 (UTC).
In a move to expand its trading offerings, Binance Futures announces the introduction of the SYSUSDT Perpetual Contract, set to launch on August 19, 2024, at 12:30 (UTC) with leverage of up to 50x, according to Binance.
Key Features
The new SYSUSDT Perpetual Contract will feature a maximum funding rate of +2.00% / -2.00% at launch, with funding fee settlements occurring every four hours. Binance retains the flexibility to adjust contract specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements based on market risk conditions.
Multi-Assets Mode
Traders will benefit from Binance's Multi-Assets Mode, which allows the use of multiple margin assets, such as BTC, when trading the SYSUSDT contract. This feature is subject to applicable haircuts and aims to provide more trading options and risk management tools for users.
Regulatory and Risk Considerations
The new contract is subject to Binance's Terms of Use and the Binance Futures Service Agreement. Users should be aware that unauthorized stablecoins are subject to restrictions for EEA users starting June 30, 2024, in compliance with MiCA requirements.
Binance emphasizes the risks involved in futures trading, noting the high market risk and price volatility. Investors may be required to make additional margin deposits or interest payments at short notice, and failure to do so could result in the liquidation of their collateral. Binance advises users to make an independent assessment of the transaction's appropriateness in light of their own objectives and circumstances.
Additional Information
For more details, users are encouraged to refer to the official Binance announcement and the Binance Futures Service Agreement.
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