TL;DR
- Binance launches SLERFUSDT and SCRTUSDT perpetual contracts with up to 75x leverage, available starting November 21, 2024.
- The USDⓈ-margined contracts include funding rates of up to ±2.00%, recalculated every four hours, and support Multi-Asset mode for greater flexibility.
- The underlying assets have verification contracts, but their inclusion in futures does not guarantee a listing on the spot market.
Binance has introduced two new perpetual contracts on its futures platform, aimed at expanding trading options and providing users with additional tools.
The contracts, named SLERFUSDT and SCRTUSDT, will be available starting November 21, 2024, offering up to 75x leverage. These USDⓈ-margined instruments settle in USDT and allow users to engage in advanced risk management and profit maximization strategies.
Both contracts will be subject to a maximum funding rate of +2.00% or -2.00%, recalculated every four hours to reflect market conditions. Additionally, the contracts will support Multi-Asset mode, enabling users to use multiple cryptocurrencies, such as BTC, as margin for their trades. This feature offers flexibility and optimizes the use of resources available in traders’ accounts.
Parameters Set by Binance
Binance has established specific parameters for the contracts, including a tick size of 0.0001 and continuous trading hours available 24/7. The platform has also stated that users can access the contracts under the stipulated conditions but reserves the right to adjust elements such as maximum leverage, funding rates, or margin requirements as market conditions evolve.
No Guarantee of Spot Market Listing
The underlying assets for these contracts, SLERF and Secret (SCRT), come with verification contracts provided by Binance to ensure transparency in operations. However, the platform has clarified that the inclusion of these tokens in the futures market does not guarantee their listing on the spot market.
Binance strengthens its position as one of the leading players in the futures market while aiming to serve a global user base with tools tailored to diverse strategies and changing market conditions.
