Binance Futures has announced the launch of new perpetual contracts for HIPPOUSDT and 1000XUSDT, offering users the opportunity to trade with up to 75x leverage.
Launch of New Contracts
The new perpetual contracts for HIPPOUSDT and 1000XUSDT will be available for trading on November 13, 2024, at 15:30. These contracts are based on the 'sudeng' (HIPPO) and 'X Empire' (1000X) tokens with addresses provided for asset verification.
Features and Conditions
These contracts will feature a maximum funding rate of +2.00%/-2.00%, with funding fee payments occurring every four hours. Binance maintains the flexibility to adjust contract features, such as leverage limits, funding fees, and margin requirements, according to market conditions to mitigate trading risks.
Impact on Users
Users trading these contracts under Binance's Multi-Asset Mode can use a variety of margin assets, including BTC, to support their trades. This feature allows for greater flexibility and helps users diversify their margin assets.
With the new listings, Binance Futures continues to expand its trading options, aiming to offer a diverse and adaptable experience for its global user base.
