Binance Futures to Launch USDⓈ-Margined GHSTUSDT Perpetual Contract with 75x Leverage
Jessie A Ellis Sep 24, 2024 15:24
Binance Futures is set to launch a GHSTUSDT perpetual contract with up to 75x leverage, expanding trading options for users.
Binance Futures is expanding its suite of trading options with the launch of the USDⓈ-margined GHSTUSDT perpetual contract, offering up to 75x leverage. The new contract is slated to go live on September 23, 2024, at 13:00 UTC, according to Binance.com.
Key Features
This new addition aims to enhance the trading experience by providing more choices for users. The GHSTUSDT perpetual contract will feature a maximum funding rate of +2.00% / -2.00%, with the funding fee settled every four hours. The contract specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.
Multi-Assets Mode
The GHSTUSDT perpetual contract will support Binance's Multi-Assets Mode, allowing users to trade across multiple margin assets. For instance, users can use Bitcoin (BTC) as margin when trading this contract, subject to applicable haircuts.
Compliance and Risks
Binance emphasizes that the GHSTUSDT perpetual contract is subject to its Terms of Use and Futures Service Agreement. They also note potential discrepancies in translated versions of the announcement and advise users to refer to the original English version for the most accurate information.
Additionally, Binance has issued a disclaimer about the risks associated with digital asset trading, particularly futures trading, which is subject to high market risk and price volatility. Users are encouraged to conduct their own assessments and consult with advisors as needed.
For more details, visit the official announcement on Binance.com.
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