Binance Futures Introduces VOXEL Perpetual Contract With 50x Leverage
Tony Kim Aug 20, 2024 09:11
Binance Futures is set to launch the VOXELUSDT Perpetual Contract with up to 50x leverage, expanding trading options for users.
Binance Futures is poised to enhance its trading offerings with the launch of the VOXELUSDT Perpetual Contract, allowing traders to leverage their positions up to 50 times, according to Binance.com.
Details of the New Contract
The VOXELUSDT Perpetual Contract will be available for trading starting August 20, 2024, at 10:30 (UTC). This new derivative product will feature a maximum leverage of 50x, providing traders the opportunity to maximize their potential returns, albeit with increased risk.
The maximum funding rate at launch is set at +2.00% / -2.00%, with funding fee settlements occurring every four hours. Binance has noted that it may adjust the specifications of this futures contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market conditions.
Multi-Assets Mode
Binance Futures will support Multi-Assets Mode for the VOXELUSDT contract. This feature allows users to trade the contract across multiple margin assets, subject to applicable haircuts. For instance, traders can use Bitcoin (BTC) as margin when trading the VOXELUSDT perpetual contract.
Terms and Conditions
The VOXELUSDT Perpetual Contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Users are advised to review these terms carefully before engaging in trading activities.
Binance has also issued a disclaimer regarding the volatility of digital asset prices and the high market risk associated with futures trading. Traders are reminded that they are solely responsible for their investment decisions and that Binance is not liable for any losses incurred. For more information on responsible trading practices, users can visit Binance's Responsible Trading page.
As the cryptocurrency market continues to evolve, Binance remains at the forefront by expanding its product offerings to meet the diverse needs of its user base. The introduction of the VOXELUSDT Perpetual Contract is a testament to Binance's commitment to providing a comprehensive trading experience.
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