Binance Futures Introduces USDⓈ-Margined RPL Perpetual Contract with 75x Leverage

Binance Futures is set to expand its trading offerings with the introduction of a USDⓈ-margined RPL perpetual contract, allowing leverage up to 75x. This new trading option will be available starting September 9, 2024, at 12:30 UTC, according to Binance.

Key Features and Specifications

The RPLUSDT perpetual contract will feature a maximum funding rate of +2.00% / -2.00%, with funding fee settlements occurring every four hours. Binance has highlighted that adjustments to the contract's specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be made based on market risk conditions.

Multi-Assets Mode

Traders can utilize the Multi-Assets Mode to engage in the RPLUSDT perpetual contract across multiple margin assets, subject to applicable haircuts. For instance, Bitcoin (BTC) can be used as margin when trading this contract under the Multi-Assets Mode.

Compliance and Risk Management

The new perpetual contract will be governed by Binance's Terms of Use and the Binance Futures Service Agreement. Binance has also advised traders to be aware of potential discrepancies in translated versions of the announcement and to refer to the original English version for the most accurate information.

Market Context

This launch comes amid a growing demand for diverse trading instruments in the cryptocurrency market. Binance's move to introduce high-leverage products reflects an ongoing trend among major exchanges to cater to sophisticated traders looking for higher risk-reward opportunities.

However, Binance has cautioned users regarding the inherent risks associated with futures trading, including high market risk and price volatility. Traders are urged to make independent assessments of the appropriateness of such transactions in light of their own objectives and circumstances.

For more information, visit the official Binance announcement page.