Binance Futures is expanding its offering with the launch of the RPL/USDT Perpetual Contract scheduled for September 9, 2024, at 15:30 UTC.
Key Features
Investors will be able to leverage their positions up to 75x, providing greater opportunities for both risk management and potential returns. Maximum Leverage: Up to 75x leverage is available to traders. Funding Rate: At launch, the funding rate will be capped at +2.00% / -2.00%. Funding Fee: Settlement occurs every four hours.
Multi-Asset Mode
Binance also offers a Multi-Asset Mode, allowing users to trade the RPL/USDT Perpetual Contract using various margin assets such as BTC. This adds flexibility and opportunities for traders.
Periodic Changes
Binance emphasizes that contract features such as funding fees, tick size, and leverage may be adjusted periodically based on market conditions. Users should be aware of possible changes to ensure optimal trading strategies.
This new contract adds to the growing list of perpetual futures offered on Binance, aiming to enhance the trading experience and increase options for users.
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