Crypto derivatives buying and selling platform Binance Futures is preparing to launch USDC-margined perpetual contracts for ARB, NEO, and FIL with leverage up to 75x.
The decision is driven by Binance Futures' desire to expand its trading offerings and provide greater flexibility to its users.
Upcoming additions to Binance Futures include the ARB/USDC, NEO/USDC, and FIL/USDC perpetual contracts, which will launch on April 18, 2024, Binance said.
The ARB/USDC perpetual contract will be available for trading at 7:00 UTC on April 18, with a maximum leverage of 50x. NEO/USDC will be launched at 7:15 UTC with a maximum leverage of 50x. At 7:30 UTC, FIL/USDC will be launched with a leverage of up to 75x.
The exchange notes that the maximum leverage available depends on the notional value of the position: the larger the position, the lower the leverage. A trader will be able to customize the leverage to their needs, and all position sizes will be calculated based on the notional value of the contract. Thus, the initial margin is determined by the leverage chosen by the trader.
It is worth noting that leverage must first be selected (and initial margin requirements must be met) before positions can be opened.
In addition, to attract attention to trading these USDC margin futures contracts, Binance Futures will introduce a zero maker fee and a competitive taker fee of 0.017% for all trades starting April 3, 2024, at 15:30.
However, Binance emphasized that it may adjust the characteristics of these futures contracts based on prevailing market conditions.
Such adjustments may include changes to funding fees, tick size and maximum leverage, initial margin or maintenance margin requirements to ensure consistency with market dynamics, and risk management protocols.
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