Rebecca Moen
November 25, 2024 at 11:46
Binance Futures is expanding its offering with new perpetual contracts 1000WHYUSDT and 1000CHEEMSUSDT, offering leverage of up to 75x. These contracts are intended to enhance trading opportunities and user experience.
Binance expands futures offerings
Binance Futures has announced the launch of two new USD margined perpetual contracts: 1000WHYUSDT and 1000CHEEMSUSDT, both offering up to 75x leverage. The move comes as part of Binance's strategy to expand its suite of trading products and enhance the user's trading experience.
Details of new contracts
according to Binancethe 1000WHYUSDT contract is linked to the WHY token with a verified contract address of 0x9ec02756a559700d8d9e79ece56809f7bcc5dc27. Likewise, 1000CHEEMSUSDT is associated with the Cheems token, which is verified at 0x0df0587216a4a1bb7d5082fdc491d93d2dd4b413.
Trading specifications and market adjustments
The maximum financing ratio at launch of these contracts is +2.00% / -2.00%, with financing fees settled every four hours. Binance reserves the right to modify the specifications of these contracts based on market conditions, which may include changes in financing fees, tick size, leverage, and margin requirements.
Multiple asset placement and trading conditions
Traders can utilize the multi-asset position to trade these contracts across multiple margin assets, applying the necessary markdowns. For example, users can use Bitcoin as margin when activating multi-asset mode. It is important to note that listing a token on Binance Futures does not mean it will be listed on Binance Spot.
Compliance and risk considerations
All perpetual contracts are subject to the Binance Terms of Use and the Binance Futures Service Agreement. Binance also highlights the potential risks involved in futures trading, advising users to do their own research and consider their financial goals and risk tolerance before engaging in such trades.
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