Binance Futures to Launch USDⓈ-Margined QUICK Perpetual Contract with 75x Leverage
Darius Baruo Sep 07, 2024 02:41
Binance Futures is set to launch a USDⓈ-Margined QUICK Perpetual Contract offering up to 75x leverage, enhancing trading options.
Binance Futures is expanding its trading offerings with the introduction of a USDⓈ-Margined QUICK Perpetual Contract, providing traders with leverage options up to 75x. The contract will be available starting September 6, 2024, at 05:00 (UTC), according to Binance.
New Trading Opportunities
The launch of the QUICKUSDT Perpetual Contract is aimed at expanding the array of trading choices available on Binance Futures. This move is expected to enhance the trading experience for users by providing greater flexibility and options.
The perpetual contract will have a maximum funding rate of +2.00% / -2.00% at the time of launch, with funding fees settled every four hours. Binance reserves the right to adjust the contract specifications, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market conditions.
Multi-Assets Mode
Traders can also take advantage of Binance's Multi-Assets Mode, which allows the use of multiple margin assets for trading the QUICKUSDT perpetual contract. For example, users can use Bitcoin (BTC) as margin when trading this contract, subject to applicable haircuts.
The new contract will be subject to Binance's Terms of Use and the Binance Futures Service Agreement. Traders are advised to consult these documents to understand the terms and conditions fully.
Risk and Compliance
Binance has also emphasized the importance of understanding the risks associated with futures trading, which is subject to high market risk and price volatility. Users are responsible for their investment decisions, and Binance will not be liable for any losses incurred. The platform advises users to make an independent assessment of the appropriateness of any transaction in light of their own objectives and circumstances.
In compliance with MiCA requirements, from June 30, 2024, unauthorized stablecoins will be subject to certain restrictions for EEA users. Binance reserves the right to amend or cancel the announcement at any time without prior notice.
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