Binance Futures has announced the launch of a new 1000CATUSDT perpetual contract with up to 75x leverage, set to be available for trading on October 21.

Basic Contract Features

The 1000CATUSDT contract offers a maximum leverage of 75x. The initial funding rate is ±2.00%, and funding fee settlement occurs every four hours. Trading is set to begin on October 21 at 15:30.

Margin Trading Conditions

The new contract will allow users to trade with high leverage with USDⓈ margin requirements. A Multi-Asset Mode will be available, allowing the use of other assets such as BTC as margin, subject to applicable rules. Binance reserves the right to change the specifications of the 1000CATUSDT contract depending on market risk conditions. Adjustments may affect parameters such as funding fees, approval size, maximum leverage, and initial and maintenance margin requirements.

Binance Futures Expansion Strategy

The launch of the 1000CATUSDT contract is part of Binance Futures' strategy to expand its offerings to appeal to both experienced and high-risk traders. While the product is attractive for potentially greater returns with leverage up to 75x, Binance advises caution due to potential rapid price movements and liquidation risk.

The new 1000CATUSDT perpetual contract is introduced as part of Binance's strategy to enhance user experience and broaden the range of futures products available.