New USDⓈ-Margined CHESS Perpetual Contract with 75x Leverage Introduced by Binance Futures 😲

Exciting News from Binance Futures 🚀

Binance Futures is thrilled to announce the upcoming launch of the USDⓈ-Margined CHESS Perpetual Contract, offering traders the opportunity to leverage up to 75x starting August 29, 2024. This new trading option aims to provide an enhanced and diversified experience for users, giving them more flexibility in their trading strategies.

Enhanced Trading Options

The introduction of the CHESSUSDT Perpetual Contract will bring a range of benefits and opportunities, including:

Increased trading choices
Maximum funding rate of +2.00% / -2.00%
Funding fee settlements every four hours

Customizable Contract Specifications

Binance has confirmed that various specifications of the contract can be adjusted based on market conditions to manage risk effectively. These adjustments may include changes to:

Funding fee
Tick size
Maximum leverage
Initial margin
Maintenance margin requirements

Trade Across Multiple Assets

Traders will have the option to trade the CHESSUSDT Perpetual Contract using different margin assets through Binance’s Multi-Assets Mode. This feature allows users to use a variety of assets, such as Bitcoin (BTC), as margin collateral, subject to specific haircuts and requirements.

Important Terms and Conditions

Before engaging in trading the CHESSUSDT Perpetual Contract, it is essential to be aware of and adhere to Binance’s Terms of Use and the Binance Futures Service Agreement. Users are encouraged to refer to the original English version of the announcement for accurate and up-to-date information, as translations may not always capture the nuances accurately.

For more in-depth information, please visit the official announcement on Binance’s website.

Keep in mind that Binance retains the right to modify or withdraw this announcement at its discretion. It is advisable to seek advice from financial professionals regarding trading strategies and risks associated with futures trading.

Hot Take 🔥

Get ready to elevate your trading game with Binance Futures’ new USDⓈ-Margined CHESS Perpetual Contract offering up to 75x leverage. Stay informed, stay strategic, and make the most of this exciting opportunity to diversify and optimize your trading experience. Happy trading!