By Blockchain News | Created at 2024-11-14 05:08:01 | Updated at 2024-11-22 18:10:40
1 week ago
Felix Pinkston Nov 14, 2024 05:05
Binance Futures announces the launch of HIPPOUSDT and 1000XUSDT perpetual contracts, offering up to 75x leverage, enhancing trading options for users.
Binance Futures is set to expand its trading offerings with the introduction of two new perpetual contracts: HIPPOUSDT and 1000XUSDT. These contracts, launching on November 13, 2024, at 12:30 UTC, will provide traders with leverage options of up to 75x, according to binance.com.
Enhanced Trading Options
The launch of these perpetual contracts aims to enhance the trading experience by broadening the spectrum of options available to users on Binance Futures. The HIPPOUSDT contract corresponds to the "sudeng" token, while the 1000XUSDT contract is associated with "X Empire." Both contracts have specific contract addresses for verification, ensuring transparency and trust in the trading process.
Contract Specifications
The maximum funding rate for these contracts at launch is set at +2.00% / -2.00%, with funding fees settled every four hours. Binance has stated that the specifications, including funding fees, tick size, and leverage limits, may be adjusted based on market risk conditions.
Multi-Assets Mode
These new contracts will support Binance's Multi-Assets Mode, allowing traders to utilize multiple margin assets, such as Bitcoin, to trade these contracts. This feature offers flexibility in managing and optimizing trading strategies.
Terms and Conditions
As with all Binance Futures products, these contracts are subject to the platform’s Terms of Use and the Binance Futures Service Agreement. Traders are urged to review these terms carefully and consider the inherent risks of futures trading.
Binance continues to innovate and expand its futures offerings, providing traders with diverse options to suit various trading strategies and risk appetites.
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