Binance Futures to Launch 1000CATUSDT Perpetual Contract

Details of the 1000CATUSDT Perpetual Contract Launch on Binance Futures

Binance Futures has officially announced the launch of its highly anticipated 1000CATUSDT Perpetual Contract, scheduled to go live on October 21, 2024, at 12:30 PM (UTC). This new contract aims to broaden the trading options available to users while enhancing the overall trading experience within the Binance ecosystem. With an impressive leverage of up to 75x, this contract presents significant opportunities for traders looking to maximize their positions.

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Key Features of the 1000CATUSDT Perpetual Contract

The 1000CATUSDT Perpetual Contract is designed with Simon's Cat (1000CAT) as the underlying asset, while USDT will serve as the settlement asset. Below are the key specifications of this exciting new contract:

• Launch Time: October 21, 2024, at 12:30 PM (UTC)
• Tick Size: 0.00001
• Capped Funding Rate: +2.00% / -2.00%
• Funding Fee Settlement Frequency: Every Four Hours
• Maximum Leverage: 75x
• Trading Hours: 24/7

Traders should be aware that the maximum funding rate at launch is set at +2.00% for long positions and -2.00% for short positions, with funding fees being settled every four hours. This structure is designed to create a balanced trading environment, aiding traders in managing their risks effectively.

Multi-Assets Mode: Flexibility in Trading

One of the standout features of the 1000CATUSDT Perpetual Contract is the Multi-Assets Mode, which allows users to trade this contract across various margin assets, including Bitcoin (BTC). This flexibility provides traders with the opportunity to diversify their strategies and manage their portfolios more effectively, especially in a volatile market.

Adapting to Market Conditions

As with all trading contracts offered by Binance, the 1000CATUSDT Perpetual Contract is subject to Binance's Terms of Use and the Binance Futures Service Agreement. Binance reserves the right to modify the contract’s specifications—including funding fees, tick size, maximum leverage, and margin requirements—based on prevailing market conditions. Such adjustments are part of Binance's commitment to maintaining a fair and transparent trading environment for all users.

Commitment to Innovation

The introduction of the 1000CATUSDT Perpetual Contract reflects Binance Futures' ongoing commitment to providing its users with diverse and innovative trading options. As the cryptocurrency market continues to evolve, Binance remains at the forefront, continuously seeking to enhance user experiences through new products and features.

Conclusion

The launch of the 1000CATUSDT Perpetual Contract on Binance Futures marks a significant addition to the platform's offerings, empowering traders with enhanced tools for capitalizing on market movements. With the potential for high leverage and flexible trading options, this contract is set to attract both new and experienced traders alike.

As the launch date approaches, traders are encouraged to prepare for the exciting opportunities that the 1000CATUSDT Perpetual Contract will bring. Stay tuned for further updates and insights as Binance Futures continues to expand its trading landscape.

Source: CoinCodex

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HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

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Writer @Barland

Barland is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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