Binance Futures has announced the launch of three new USD-margined perpetual contracts: COOKIEUSDT, ALCHUSDT, and SWARMSUSDT, offering traders leverage of up to 75x.
Launch of New Contracts
The new contracts will be made available for trading as follows: COOKIEUSDT will go live at 11:30 UTC, followed by ALCHUSDT 15 minutes later, and SWARMSUSDT at 12:15 UTC. These contracts are associated with Cookie DAO, Alchemist AI, and Swarms projects, already listed on Binance’s Alpha Market.
Contract Details
The contracts will be settled in Tether (USDT) and available for trading 24/7. Binance has also activated the Multi-Asset Mode, allowing the use of alternative assets such as Bitcoin as margin. Funding rates can vary by ±2.00% and are settled every four hours.
Trading Conditions and Risk Warning
Binance has clarified that launching perpetual contracts does not guarantee the tokens' inclusion in its spot market. The platform warned of the high risks associated with these contracts and advised traders to review terms of use and futures service agreement carefully before engaging in trading.
The new contracts on Binance enable traders to utilize substantial leverage, though the associated risks require careful consideration and assessment.
