Binance Futures is set to broaden its trading spectrum by introducing the USDC-margined DOGE Perpetual Contract, a move aimed at enhancing the trading experience of its users.
The new offering, scheduled to launch on January 18, 2024, at 10:00 (UTC), is set to provide traders with the opportunity to leverage up to 75 times, marking a significant enhancement in the trading options available on the platform.
Key features of the USDC-margined DOGE perpetual contract
Binance Futures is set to enhance the trading landscape with the introduction of the DOGEUSDC perpetual contract, scheduled to launch on January 18, 2024, at 10:00 (UTC). The innovative contract is anchored on Dogecoin (DOGE), a widely recognized cryptocurrency, and utilizes USDC for settlements, ensuring stability and reliability in transactions. With a precise tick size of 0.00001 and a funding rate capped at +0.3750% / -0.3750%, the contract is designed for granular trading strategies and predictable cost management. Additionally, the contract allows for settlements of funding fees every eight hours, maintaining regularity and consistency in trading costs.
The DOGEUSDC perpetual contract introduces impressive maximum leverage of up to 75x, opening up significant opportunities for profit while also bearing inherent risks. Catering to the incessant pace of the cryptocurrency market, the contract offers round-the-clock trading, ensuring that traders worldwide can engage in transactions at their convenience. The accessibility is further enhanced by the Multi-Assets Mode feature, which permits traders to utilize various margin assets, such as BTC, offering enhanced flexibility and options in portfolio management.
As Binance Futures continues to push the boundaries of cryptocurrency trading, the DOGEUSDC perpetual contract stands as a testament to the platform’s commitment to innovation and user-centricity. By offering a blend of stability, precision, and flexibility, the contract is poised to meet the diverse needs and preferences of traders, further cementing Binance Futures’ position as a leading force in the dynamic world of cryptocurrency trading.
Binance Futures gives promotional offers and important notes
To celebrate the launch of the new contract, Binance Futures is offering a promotional trading fee discount. Users will enjoy a 10% discount on all trades on USDC-margined futures contracts until April 3, 2024, at 12:30 (UTC). However, traders should be aware that Binance reserves the right to adjust the specifications of the futures contract based on market risk conditions. These adjustments may affect the funding fee, tick size, maximum leverage, and margin requirements.
Furthermore, it’s important to note that the DOGEUSDC Perpetual Contract is governed by the terms of the Binance Terms of Use and the Binance Futures Service Agreement. Traders are advised to familiarize themselves with these terms and the associated risks before engaging in trading.
Binance Futures is committed to providing its users with all the necessary tools and information to engage in trading effectively. Traders can access a wealth of resources, including detailed trading rules, leverage and margin guides, fee structures, and historical data on funding rates. Additionally, resources on how to select trading pairs, understand mark prices and utilize the Multi-Assets Mode are available to enhance the trading experience.
Conclusion
the introduction of the USDC-margined DOGE Perpetual Contract with up to 75x leverage on Binance Futures represents a significant enhancement in the trading options available to cryptocurrency traders. With its robust set of features, promotional offers, and comprehensive support resources, Binance Futures continues to solidify its position as a leading platform in the cryptocurrency trading space.
Source: https://www.cryptopolitan.com/binance-futures-usdc-doge-75x-leverage/