Binance Futures announced the launch of two new perpetual contracts in an effort to diversify trading options and improve user experience.
Binance Futures Lists MYROUSDT and 1000PEPEUSDC up to 50x
MYROUSDT and 1000PEPEUSDC
These contracts are planned to go into effect on March 5, 2024 at 11:30 and on March 7, 2024 at 11:30, respectively, and offer investors the opportunity to use up to 50 times leverage.
Qualified liquidity providers trading USDⓢ margin futures will be eligible for a 0.005% maker fee discount for trades executed on the MYROUSDT Perpetual Contract over a period of approximately 14 to 15 days.
Additionally, users can benefit from a 10% promotional transaction fee discount on all transactions made in USDC margin futures contracts until April 3, 2024 at 15:30.
Investors are advised to refer to the official announcement for comprehensive details regarding this promotional offer.
It is worth noting that Binance reserves the right to adjust the features of these perpetual contracts depending on market risk conditions.
These adjustments may include factors such as funding fee, tick size, maximum leverage, initial margin or maintenance margin requirements.
Additionally, the Multi-Asset Mode feature will enable users to trade the aforementioned perpetual contracts using a variety of collateral assets, subject to applicable deductions.
For example, enabling Multi-Asset Mode allows traders to use BTC as collateral in transactions involving these perpetual contracts.
*This is not investment advice.