Binance Futures Introduces USDⓈ-Margined BSW Perpetual Contract with Up to 75x Leverage

Binance Futures is set to launch a new USDⓈ-Margined BSW Perpetual Contract with up to 75x leverage, according to Binance.com. The new trading option will be available starting September 5, 2024, at 06:00 UTC.

Key Features and Specifications

The new BSWUSDT Perpetual Contract will offer traders the opportunity to leverage their positions up to 75 times. The maximum funding rate at launch will be +2.00% / -2.00%, with funding fee settlements occurring every four hours.

Binance has emphasized that the specifications of the BSWUSDT Perpetual Contract, such as the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.

Multi-Assets Mode

The Multi-Assets Mode feature will allow users to trade the BSWUSDT Perpetual Contract across multiple margin assets. For example, users can use Bitcoin (BTC) as margin when trading this contract, subject to applicable haircuts.

Compliance and Terms

Binance has stated that the BSWUSDT Perpetual Contract will be subject to its Terms of Use and the Binance Futures Service Agreement. Users are advised to refer to these documents for detailed terms and conditions.

Risk and Advisory

Binance has issued a cautionary note regarding the high market risks and price volatility associated with futures trading. Users may be required to make additional margin deposits or interest payments at short notice, and their collateral may be liquidated without consent if required deposits or payments are not made in time.

For more detailed information, users can refer to the official announcement on Binance.com.