Binance Futures to Launch USDⓈ-Margined UXLINK Perpetual Contract with 75x Leverage

Binance Futures has announced the upcoming launch of its USDⓈ-Margined UXLINKUSDT Perpetual Contract, which will be available starting September 15, 2024, at 15:00 UTC. The new contract will offer traders the opportunity to leverage their positions up to 75 times, according to Binance.

Contract Specifications and Features

According to the announcement, the new UXLINKUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at the time of launch. The funding fee will be settled every four hours. Binance also mentioned that the specifications of this futures contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.

Multi-Assets Mode

The platform’s Multi-Assets Mode will allow users to trade the UXLINKUSDT perpetual contract across multiple margin assets, subject to applicable haircuts. For instance, when this mode is activated, users can use BTC as margin for trading the new perpetual contract.

Terms and Conditions

The UXLINKUSDT Perpetual Contract is subject to Binance’s Terms of Use and Binance Futures Service Agreement. Traders should be aware of potential discrepancies in translated versions of the announcement and refer to the original English version for the most accurate information.

For more details, visit the original announcement on Binance.

Image source: Shutterstock