The post Binance Futures to Launch USD-Margined FLUX Perpetual Contract with 75x Leverage appeared on BitcoinEthereumNews.com.

Timothy Morano Sep 03, 2024 06:11 Binance Futures is set to introduce the FLUXUSDT Perpetual Contract with up to 75x leverage, expanding its trading options. Binance Futures has announced the launch of a new USDⓈ-margined FLUXUSDT Perpetual Contract, offering up to 75x leverage. This move is part of Binance’s ongoing efforts to diversify its range of trading products and enhance the trading experience for its users, according to binance.com. Details of the New Perpetual Contract The FLUXUSDT Perpetual Contract will go live on September 3, 2024, at 07:00 (UTC). Traders engaging in this new offering will be able to utilize up to 75x leverage, which can significantly amplify both potential gains and risks. The contract’s funding rate at launch is set at a maximum of +2.00% or -2.00%, with funding fees settled every four hours. Binance has indicated that the contract specifications, such as the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions. Additional Features and Considerations Binance’s Multi-Assets Mode will be supported, allowing users to trade the FLUXUSDT perpetual contract across multiple margin assets. For example, users can use Bitcoin (BTC) as margin when trading this contract, subject to applicable haircuts. It’s important to note that the new perpetual contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement. The company also reserves the right to amend or cancel the announcement at any time without prior notice. Market Impact and User Precautions This launch comes amid a broader trend of cryptocurrency exchanges expanding their derivative offerings to cater to advanced traders seeking higher leverage and more diversified trading opportunities. However, Binance has issued a caution regarding the risks associated with futures trading, emphasizing the high market risk and price volatility involved. Traders are…

---

Filed under: News - @ September 3, 2024 6:21 am