New G and RARE Perpetual Contracts with Up to 50x Leverage to be Launched by Binance Futures 👀

Binance Futures Introducing GUSDT and RAREUSDT Perpetual Contracts

Get ready for an exciting update from Binance Futures as they announce the launch of new USDⓈ-margined perpetual contracts, GUSDT and RAREUSDT, on August 15, 2024. These contracts will provide traders with enhanced trading options and up to 50x leverage, expanding the range of opportunities available in the market.

Launch Details 🚀

Mark your calendars for the launch of the GUSDT perpetual contract at 12:30 (UTC) and the RAREUSDT perpetual contract at 13:00 (UTC) on the same day. These contracts are designed to enrich users’ trading experience by offering a more diverse range of trading options.

Contract Specifications 📊

When these perpetual contracts are launched, the maximum funding rate will be set at +2.00% / -2.00%, with funding fee settlements scheduled every four hours. Binance has noted that specific contract details, such as funding fees, tick sizes, maximum leverage, initial margins, and maintenance margin requirements, may be adjusted based on market conditions.

Multi-Assets Mode 💼

Binance has also introduced the Multi-Assets Mode for these new contracts, allowing users to trade across various margin assets, subject to applicable haircuts. For example, traders can utilize BTC as margin when participating in the GUSDT and RAREUSDT perpetual contracts.

Compliance and Risk Management 🛡️

Rest assured that these new perpetual contracts will align with Binance’s Terms of Use and the Binance Futures Service Agreement. Binance emphasizes the importance of compliance and risk management, issuing a disclaimer to underscore the risks associated with futures trading. It’s crucial for traders to understand market volatility and be prepared for potential financial losses.

For more comprehensive details, interested individuals can access the original announcement on the Binance website.

Hot Take 🔥

Stay ahead of the curve with Binance Futures’ upcoming GUSDT and RAREUSDT perpetual contracts, offering increased leverage and diverse trading options. Enhance your trading experience and explore new opportunities in the market. Remember to stay informed and be mindful of the risks involved in futures trading to make informed decisions.