Binance Futures Introduces COSUSDT Perpetual Contract with 75x Leverage

Binance Futures is expanding its range of trading options with the introduction of the COSUSDT Perpetual Contract, which offers up to 75x leverage. The new contract will be available starting on September 30, 2024, at 13:00 (UTC), according to Binance.

Key Features of the COSUSDT Perpetual Contract

The COSUSDT Perpetual Contract will feature a maximum funding rate of +2.00% / -2.00%, with funding fee settlements occurring every four hours. Binance has also indicated that the specifications of the contract, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.

Multi-Assets Mode

Users will have the ability to trade the COSUSDT Perpetual Contract across multiple margin assets through Binance's Multi-Assets Mode. This feature allows traders to use different cryptocurrencies, such as Bitcoin (BTC), as margin for trading the contract, subject to applicable haircuts.

Compliance and Risk Management

The new perpetual contract will be subject to Binance's Terms of Use and Futures Service Agreement. Users should be aware of the risks associated with futures trading, including high market risk and price volatility. Binance advises traders to conduct independent assessments of the appropriateness of transactions in light of their own objectives and circumstances.

For further information on the COSUSDT Perpetual Contract and its specifications, users can visit Binance’s official announcement page.