Binance Futures Launches USDS-M USDC Perpetual Contract with 30x Leverage
Binance Futures, the world’s largest cryptocurrency exchange by trading volume, has announced the launch of a new USDS-M USDC perpetual contract. The new contract will allow users to trade USDCUSDT Perpetual Contracts with leverage of up to 30x. It will provide them with the ability to amplify their returns on price movements.
Binance Launches USDS-M USDC Perpetual Contract with Flexible Trading Options
According to the announcement, Binance reserves the right to make adjustments to the criteria for the contracts, including the tick size, highest leverage, starting margin, and maintenance margin, whenever it believes it necessary to do so in response to changes in the market risk environment. This will help to ensure that the platform remains stable and secure for traders.
Beginning at 17:00 GMT on 2023-03-12, trading will be open for the newly created contract (UTC). While utilizing the Multi-Asset Mode, users will have the ability to trade USDCUSDT Perpetual Contracts across various margin assets. If the Multi-Asset Mode has been activated on their trading platform, they will also have the ability to use Bitcoin (BTC) as a margin while trading USDCUSDT Perpetual Contracts.
Binance Futures Expands Offerings with Launch of USDC Perpetual Contract
It is essential to be aware that in addition to the Binance Terms of Service, the Binance Futures Service Agreement as well as the Conditions of Use for Binance apply to the USDCUSDT Perpetual Contract. If there is any disagreement between the various translations of the contract, the original English version will be the one that is followed.
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Binance Futures has been increasing the variety of products and services it provides to cater to the requirements of traders who want to enter the crypto markets. Users will have another tool at their disposal with the introduction of the USDS-M USDC perpetual contract. It will allow them to better control their risks and maximize their earnings. The new contract is expected to be popular with both individual traders and institutional traders. This will provide them with a more sophisticated trading experience than their current options.
