Binance Futures to Launch USDⓈ-M MEW Perpetual Contract with 50x Leverage
Binance Futures is set to expand its trading offerings by launching the USDⓈ-M MEW Perpetual Contract, according to an official announcement. This new contract will be available starting June 17, 2024, at 14:00 (UTC) and will feature leverage of up to 50x.
Contract Specifications and Features
The USDⓈ-M MEW Perpetual Contract comes with several noteworthy features. The maximum funding rate at the time of launch is set at +2.00% / -2.00%, with the funding fee settlement occurring every four hours. Notably, Binance reserves the right to adjust contract specifications, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market risk conditions.
Additionally, the Multi-Assets Mode will be applicable to this contract, allowing users to utilize multiple margin assets. For instance, users can use Bitcoin (BTC) as margin when trading the MEWUSDT Perpetual Contract, subject to applicable haircuts.
Terms and Conditions
The MEWUSDT Perpetual Contract will be governed by the Binance Terms of Use and the Binance Futures Service Agreement. It is crucial for users to understand that futures trading involves high market risk and price volatility. Investors may be required to make additional margin deposits or interest payments on short notice, and failure to meet these requirements could result in the liquidation of their collateral.
Binance has also issued a disclaimer highlighting the risks associated with digital asset trading. Prices can be volatile, and the value of investments may fluctuate. Users are advised to make independent assessments and consult advisers where appropriate. Binance is not liable for any losses incurred from trading activities.
Implications for the Market
The introduction of the USDⓈ-M MEW Perpetual Contract with high leverage is expected to attract traders looking for diversified trading options and enhanced leverage opportunities. This move by Binance aligns with its strategy to offer a broad range of trading instruments and improve the overall trading experience for its users.
For more information, you can read the full announcement on Binance.com.