Binance Futures has announced that it will launch the 1000CATUSDT Perpetual Contract, which will offer traders up to 75x leverage, at 15:30 UTC on October 21, 2024. This new listing is aimed at improving users’ trading experience and expanding the range of futures products available on the platform.
The 1000CATUSDT contract will allow users to trade with high leverage using USDⓈ margin requirements. Binance has also mentioned that a Multi-Asset Mode will be available for this contract, enabling users to use other assets such as BTC as margin, subject to applicable asset haircuts.
It’s important to note that Binance reserves the right to make changes to the specifications of the 1000CATUSDT contract based on market risk conditions. These adjustments may impact various parameters, including funding fees, approval size, maximum leverage, and initial and maintenance margin requirements. The purpose of these flexible adjustments is to provide a stable and optimized trading environment for users, especially during volatile market conditions.
The launch of the 1000CATUSDT Perpetual Contract is part of Binance Futures’ strategy to expand its offerings and cater to both experienced and high-risk traders. While this product may appeal to users seeking higher returns with leverage of up to 75x, Binance advises caution due to the potential for rapid price movements and liquidation.
Please note that this article does not constitute investment advice.
