Binance Futures is set to introduce a USDⓈ-margined FIDA/USDT perpetual contract, offering traders up to 75x leverage. This expansion aims to enhance trading options and user experience on the platform, scheduled to go live on September 19, 2024, at 12:30 UTC.
Key Features of the FIDA/USDT Perpetual Contract
- High Leverage: Trade with up to 75x leverage, enabling amplified exposure to FIDA price movements.
- Multi-Asset Mode: Utilize diverse margin assets (e.g., BTC) to trade the FIDA/USDT contract, providing portfolio flexibility.
- Funding Rate: Initial maximum funding rate set at ±2.00%, settled every 4 hours.
Contract Specifications
- Minimum Price Movement: Adjustable based on market conditions.
- Margin Requirements: Subject to change depending on risk parameters.
- Risk Management: Complies with Binance’s terms and Futures Service Agreement.
Benefits for Traders
- Diverse Strategies: Ideal for hedging and speculative trading.
- Global Accessibility: USDⓈ-margined contracts simplify cross-asset transactions.
- Transparency: Real-time updates via Binance’s official announcement.
Risk Disclaimer
Futures trading involves significant risk due to market volatility. Traders may face margin calls or liquidity demands. Binance advises reviewing the English version for accurate details, as translated content may vary.
FAQ Section
Q1: What is the maximum leverage for the FIDA/USDT contract?
A1: The contract supports up to 75x leverage, adjustable per market conditions.
Q2: Can I use BTC as margin for this contract?
A2: Yes, Multi-Asset Mode allows BTC or other supported assets as margin.
Q3: How often are funding rates settled?
A3: Every 4 hours, with rates capped at ±2.00% initially.
Q4: Where can I find official contract details?
A4: Visit 👉 Binance’s support page for the latest updates.
👉 Explore Binance Futures today to leverage this new trading opportunity. Always conduct independent research before engaging in derivatives markets.