Binance Futures Launches USDC-Margined CRV Perpetual Contract With Up to 25x Leverage
Peter Zhang Jul 01, 2024 09:11
Binance Futures announces the launch of USDC-margined CRV perpetual contracts with up to 25x leverage, enhancing trading choices and experiences.
Binance Futures has unveiled the launch of a new USDC-margined CRV perpetual contract, offering traders up to 25x leverage. The announcement was made on July 1, 2024, and the new trading option will be available from July 4, 2024, at 07:00 (UTC), according to Binance.
Enhanced Trading Options
The introduction of the CRVUSDC perpetual contract aims to expand the list of trading choices available on Binance Futures, thereby enhancing the trading experience for its users. The addition of this contract allows traders to leverage their positions significantly, up to 25 times their initial margin.
Key Details
Binance has advised that the specifications of the CRVUSDC perpetual contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions. This dynamic adjustment aims to ensure a balanced and secure trading environment.
Furthermore, the Multi-Assets Mode feature will be applicable to these contracts. This feature enables users to trade across multiple margin assets, with applicable haircuts. For example, traders can use BTC as margin when trading these perpetual contracts when the Multi-Assets Mode is activated.
Risk Management and Compliance
The CRVUSDC perpetual contracts are subject to Binance's Terms of Use and the Binance Futures Service Agreement. Binance also highlighted that there might be discrepancies in the translated versions of the announcement and recommended referring to the original English version for the most accurate information.
Binance emphasizes the high market risk and price volatility associated with futures trading. Traders are advised to make independent assessments of the transaction appropriateness considering their own objectives and circumstances, and to consult with advisers where necessary. The platform also provides resources on responsible trading to help users manage risks effectively.
For more details, the official announcement can be accessed on Binance.
Conclusion
With the launch of the USDC-margined CRV perpetual contract, Binance Futures continues to diversify its offerings, providing traders with more opportunities to engage in the cryptocurrency market. As always, users are encouraged to trade responsibly and stay informed about the risks involved.
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