Binance Futures Introduces DEGENUSDT Perpetual Contract with 75x Leverage

Binance Futures Introduces DEGENUSDT Perpetual Contract with 75x Leverage




Darius Baruo
Nov 15, 2024 14:54

Binance Futures is set to launch the DEGENUSDT perpetual contract offering up to 75x leverage, expanding trading options for users. The contract will be available from November 15, 2024.





Binance Futures is preparing to broaden its trading options with the introduction of the DEGENUSDT perpetual contract, offering leverage of up to 75x. Scheduled for launch on November 15, 2024, at 11:30 UTC, this move aims to enhance the trading experience for Binance users, as reported by binance.com.

Key Features of DEGENUSDT Contract

The DEGENUSDT perpetual contract is designed to provide traders with a high-leverage option, capped at a maximum funding rate of +2.00%/-2.00%. Funding fees will be settled every four hours, allowing traders to manage their positions effectively. The contract is available under the ‘Multi-Assets Mode,’ which enables trading across various margin assets, including Bitcoin (BTC).

Risk Management and Adjustments

Binance emphasizes the importance of risk management, indicating that the specifications of the DEGENUSDT futures contract, such as funding fees, tick size, and leverage, may be adjusted according to market conditions. This flexibility is intended to protect users and maintain market stability.

Compliance and User Responsibilities

As with all Binance offerings, the DEGENUSDT contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement. Binance advises users to conduct their own risk assessments and seek professional advice where necessary, particularly given the inherent risks associated with futures trading.

coinbase

The launch of this contract comes amid a broader trend of exchanges providing more diverse and flexible trading instruments to cater to the evolving needs of cryptocurrency traders. With the addition of DEGENUSDT, Binance continues to position itself as a leader in the crypto futures market.

Image source: Shutterstock



Source link

[wp-stealth-ads rows="2" mobile-rows="3"]

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

#GlobalNewsIt
Coinbase
#GlobalNewsIt
Binance Futures Introduces DEGENUSDT Perpetual Contract with 75x Leverage
coinbase
Changelly
Ethereum Developers Delve into EIP 7742 and Pectra Upgrade at ACDC Call #144
Ripple’s Survey Signals Massive Blockchain Payment Adoption Across Middle East and Africa
Ripple Embraces Chainlink Standard to Propel RLUSD Integration in Defi
Injective's October Updates Highlight Advancements in TradFi and DeFi Integration
BNB Chain to Feature at Binance Blockchain Week Dubai 2024
HKMA and Cyberport Unveil GenA.I. Sandbox to Propel A.I. in Finance
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million
RAG-Check: A Novel AI Framework for Hallucination Detection in Multi-Modal Retrieval-Augmented Generation Systems
Bitcoin Mining Stocks Shine in 2025: Cathedra and Riot Top the Year’s Gainers
Ethereum Developers Delve into EIP 7742 and Pectra Upgrade at ACDC Call #144
The birth of iDEGEN: a new era of community-powered AI
FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million
RAG-Check: A Novel AI Framework for Hallucination Detection in Multi-Modal Retrieval-Augmented Generation Systems
Bitcoin Mining Stocks Shine in 2025: Cathedra and Riot Top the Year’s Gainers
Ethereum Developers Delve into EIP 7742 and Pectra Upgrade at ACDC Call #144
bitcoin
ethereum
xrp
tether
bnb
solana
dogecoin
usd-coin
cardano
staked-ether
bitcoin
ethereum
xrp
tether
bnb
solana
dogecoin
usd-coin
cardano
staked-ether