Binance Futures continues to expand its range of trading options with the launch of the USDⓈ-margined VIDTUSDT Perpetual Contract.
Binance Futures to Launch USDⓈ Margined VIDT Perpetual Contract with Up to 75x Leverage
The contract, which will go live on August 23, 2024 at 12:30, will appeal to investors looking for higher-risk opportunities with high return potential by offering leverage of up to 75x.
The VIDTUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% upon launch, with funding fee payments occurring every four hours.
Binance Futures emphasized that contract features, including funding fees, confirmation sizes, leverage limits, initial margin, and maintenance margin requirements, can be adjusted based on current market conditions.
In addition to standard trading features, Binance’s Multi-Asset Mode allows users to trade the VIDTUSDT contract using multiple margin assets.
For example, traders can use BTC as collateral when trading, subject to the platform’s applicable margin cuts.
This move is in line with Binance Futures’ ongoing strategy to enhance user experience by expanding its portfolio of perpetual contracts, allowing traders to access a variety of crypto assets under flexible trading conditions.
*This is not investment advice.