Binance Futures to Launch 1000CATUSDT Perpetual Contract
Detail of the 1000CATUSDT Perpetual Contract Launch on Binance Futures
Binance Futures has announced the launch of the 1000CATUSDT Perpetual Contract, set to go live on October 21, 2024, at 12:30 (UTC). This new addition aims to expand trading choices and enhance the trading experience for users. The contract offers up to 75x leverage, providing traders with significant opportunities.
Details of the 1000CATUSDT Perpetual Contract Launch on Binance Futures
The 1000CATUSDT Perpetual Contract will feature Simon's Cat (1000CAT) as the underlying asset and USDT as the settlement asset. Key specifications of the contract include:
Launch Time: October 21, 2024, 12:30 (UTC)
Tick Size: 0.00001
Capped Funding Rate: +2.00% / -2.00%
Funding Fee Settlement Frequency: Every Four Hours
Maximum Leverage: 75x
Trading Hours: 24/7
Multi-Assets Mode: Supported
Traders should note that the maximum funding rate at launch is set at +2.00% / -2.00%, with funding fees settled every four hours. This ensures a balanced trading environment and helps manage risk effectively.
Multi-Assets Mode and Additional Information
The Multi-Assets Mode allows users to trade the 1000CATUSDT Perpetual Contract across various margin assets, such as BTC, subject to applicable haircuts. This flexibility can enhance trading strategies and portfolio management.
The 1000CATUSDT Perpetual Contract is subject to Binance's Terms of Use and the Binance Futures Service Agreement. Binance reserves the right to adjust the contract's specifications, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market conditions.
The introduction of the 1000CATUSDT Perpetual Contract aligns with Binance Futures' commitment to providing diverse and innovative trading options for its users. Stay tuned for further updates and trading opportunities on Binance Futures.
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