Binance Futures will launch three new perpetual contracts with margin in USD with up to 75x leverage allowed for traders on COOKIEUSDT, ALCHUSDT and SWARMSUSDT.
Contracts give up to 75x leverage to traders, opening up more trading avenues for users who like high-risk, high-reward trades. The launch schedule sees COOKIEUSDT trading start from 11:30 UTC, then ALCHUSDT 15 minutes later, and finally SWARMSUSDT from 12:15 UTC. The contracts are set to be based on projects within Cookie DAO (COOKIE), Alchemist AI (ALCH), and Swarms (SWARMS), respectively, all of which are already listed on Binance's Alpha Market.
The contracts will use Tether (USDT) as settlement assets, tradable 24/7. Contracts will now also have Multi-asset mode It is enabled by Binance, allowing users to use different alternative assets such as BTC as margin, adding flexibility for traders. The financing percentage for these contracts can increase or decrease to a maximum of 2.00%. These funding rates are settled every four hours. Minimum movement increases for Cookie For SWARMS it is 0.0001, and for ALCH it is 0.00001. Binance has it too male They may change those parameters, depending on the market situation, to deal with risks more effectively.
Perpetual contracts are suitable for day traders who exert pressure against the price movements of these tokens without holding any underlying assets. but, Binance It was stated that the launch of futures contracts does not mean that the token will be listed on Binance futures spot market contracts.
Due to transparency, the platform has also provided verified contact addresses:
- Cookie (0xc0041ef357b183448b235a8ea73ce4e4ec8c265f)
- ALCH (HNg5PYJmtqcmzXrv6S9zP1CDKk5BgDuyFBxbvNApump), and
- Swarm (74SBV4zDXxTRgv1pEMoECskKBkZHc2yGPnc7GYVepump).
The contracts have not yet been launched, and traders should read Binance's original terms of use and futures service agreement before trading. Binance also noted that they are high-risk instruments, which could mean changes to leverage, margin requirements and financing fees as necessary.
Binance Futures is Binance's cryptocurrency derivatives trading platform, which allows users to trade stipulated contracts for the actual cryptocurrency price without owning the actual cryptocurrency. It allows high leverage, different contract types, and many advanced trading features, such as hedging and cross-margin.
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