Binance Futures to Introduce USDC-Margined BOME, TIA, and MATIC Perpetual Contracts with Up to 75x Leverage

In an announcement made on the Binance Help Heart, Binance Futures revealed that the BOMEUSDC Perpetual Contract will probably be launched on April 25, 2024, at 07:00 (UTC) with as much as 50x leverage. Moreover, the TIAUSDC Perpetual Contract will probably be launched at 07:15 (UTC) with the identical leverage, adopted by the MATICUSDC Perpetual Contract at 07:30 (UTC) with as much as 75x leverage.

The underlying property for these contracts are the BOOK OF MEME (BOME), Celestia (TIA), and Polygon (MATIC) cryptocurrencies, with settlement in USDC. The tick dimension for BOMEUSDC is 0.000001, for TIAUSDC it’s 0.0001, and for MATICUSDC it’s 0.0001.

Funding charges for these perpetual contracts will probably be capped at +2.0000% / -2.0000% for BOMEUSDC and TIAUSDC, and +0.4500% / -0.4500% for MATICUSDC. Funding payment settlements will happen each 4 hours for BOMEUSDC and TIAUSDC, and each eight hours for MATICUSDC.

Merchants can get pleasure from buying and selling these perpetual contracts 24/7, and the Multi-Belongings Mode is supported, permitting customers to commerce throughout a number of margin property, topic to relevant haircuts. Binance has additionally introduced that ranging from April 3, 2024, customers will profit from zero maker charges and a 0.017% taker payment for all trades on USDC-margined futures contracts.

It is essential to notice that Binance might regulate the specs of those futures contracts, together with funding charges, tick dimension, most leverage, preliminary margin, and upkeep margin necessities, based mostly on market threat situations. Merchants are suggested to consult with the Binance Phrases of Use and the Binance Futures Service Settlement for extra data on the perpetual contracts.

With this new providing, Binance continues to develop its vary of buying and selling choices, offering customers with elevated flexibility and alternatives to commerce varied cryptocurrencies with leverage. Merchants can entry the Binance Futures platform through the Binance web site or the Binance cell app.

Picture supply: Shutterstock

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