Binance unveils USDT-Margined TURBO perpetual contract with 50x leverage! 🚀🔥

Enhancing Trading Experience with Binance Futures

Are you looking to amplify your trading positions with increased leverage? Binance Futures, the derivatives arm of cryptocurrency exchange Binance, has recently rolled out a USDT-margined TURBO Perpetual Contract with up to 50x leverage. Here’s what you need to know about this new offering:

Launching the TURBO Perpetual Contract

On May 30, 2024, at 15:30 (UTC), Binance will introduce the TURBOUSDT Perpetual Contract, aimed at enriching your trading experience by expanding the range of options available on Binance Futures. This launch comes with some key details to enhance your trading ventures:

Maximum leverage set at 50x
Funding fee settlement every four hours

Key Specifications to Note

When diving into the TURBOUSDT Perpetual Contract, consider the following specifications:

Max leverage of 50x
Funding fee settlement every four hours for dynamic adjustments

Keep in mind that Binance reserves the right to make adjustments based on market conditions, including funding fees, tick sizes, and margin requirements.

Exploring Multi-Assets Mode

Trading the TURBOUSDT Perpetual Contract can be done under Binance’s Multi-Assets Mode, enabling you to use various margin assets. For instance, you can utilize Bitcoin (BTC) as margin when engaging in this contract, following applicable haircuts.

Navigating Terms and Conditions

Make sure to review Binance’s Terms of Use and Binance Futures Service Agreement before delving into this new futures contract. Understanding the terms and risks involved is crucial in navigating the volatile nature of digital asset prices and market risk.

Why Consider the TURBO Perpetual Contract?

The introduction of the TURBO Perpetual Contract is a strategic move by Binance Futures to diversify its product offerings and cater to traders looking for hedging and leveraging opportunities. It provides a fresh avenue for traders to explore in their investment endeavors, offering both options for growth and risk management.

Examining Risk and Reward

As you familiarize yourself with the TURBO Perpetual Contract, be mindful of the associated risks and rewards. Understanding the market conditions and volatility can help you make informed decisions while leveraging this new offering from Binance Futures.