Binance Futures Introduces KAIAUSDT and AEROUSDT Perpetual Contracts with 75x Leverage
Binance Futures is set to expand its trading offerings by launching new USDⓈ-margined perpetual contracts for KAIAUSDT and AEROUSDT, with leverage options of up to 75x. This move, effective from December 4, 2024, aims to bolster the range of choices available to traders on the platform, enhancing their overall trading experience, according to Binance.
Details of the New Contracts
The KAIAUSDT perpetual contract will be available from 14:00 UTC, followed by the AEROUSDT contract at 14:15 UTC on the same day. Users can expect a maximum funding rate of +2.00%/-2.00%, with a funding fee settlement occurring every four hours.
Trading Specifications and Adjustments
Binance has indicated that these contracts are subject to potential adjustments based on market risk conditions. This includes changes to funding fees, tick sizes, maximum leverage, and margin requirements. Importantly, the platform offers a Multi-Assets Mode, allowing traders to use various margin assets, such as Bitcoin (BTC), when engaging with these contracts.
Regulatory and Risk Considerations
These new offerings are governed by Binance's Terms of Use and the Binance Futures Service Agreement. It's crucial for traders to note that futures and spot token listings are not interlinked, meaning a futures listing does not guarantee a spot listing.
Market Context
The launch of these contracts comes amidst a growing demand for diverse trading instruments in the cryptocurrency market. By providing high leverage options, Binance is catering to experienced traders looking to maximize potential returns, albeit with increased risk.
As always, traders are advised to consider the inherent risks associated with futures trading, which can include high market volatility and the potential for significant financial loss. Binance emphasizes the importance of informed trading decisions and encourages users to utilize available resources, such as the Responsible Trading page on their platform.
