Rebeca Moen
Aug 26, 2024 08:26
Binance Futures announces the launch of USDⓈ-margined NULS and DOGS perpetual contracts, offering up to 75x leverage starting August 26, 2024.
Binance Futures has announced the introduction of USDⓈ-margined NULS and DOGS perpetual contracts, which will offer up to 75x leverage. The launch dates for these contracts are set for August 26, 2024, with the NULSUSDT perpetual contract going live at 08:30 (UTC) and the DOGSUSDT perpetual contract at 12:30 (UTC), according to Binance.
Contract Specifications
The new perpetual contracts will have a maximum funding rate of +2.00% / -2.00% at the time of launch, with the funding fee settlement frequency set at every four hours. Binance has also stated that it may adjust the specifications of these futures contracts based on market risk conditions. Adjustments could include changes to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Multi-Assets Mode
These contracts 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 these perpetual contracts. This feature is subject to applicable haircuts and is designed to offer greater flexibility to traders.
Regulatory and Risk Considerations
The new contracts are subject to Binance’s Terms of Use and the Binance Futures Service Agreement. Binance has also issued a disclaimer regarding the volatility and risks associated with digital asset prices and futures trading. The exchange emphasizes that users are solely responsible for their investment decisions and that futures trading is particularly susceptible to high market risk and price volatility.
Binance reserves the right to amend or cancel the announcement at any time without prior notice. Users are advised to consult the original English version for the most accurate information, as there may be discrepancies in translated versions.
The launch of these new perpetual contracts is part of Binance’s ongoing efforts to expand its range of trading options and enhance the overall trading experience for its users.
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