Binance Expands Futures Offerings with PHAUSDT and DFUSDT Perpetual Contracts🔥🔥🔥
Binance, has announced the launch of two new perpetual contracts: PHAUSDT and DFUSDT. These contracts offer traders the opportunity to leverage their positions up to 75 times, potentially amplifying both profits and losses.
Key Details:
Launch Time: December 30, 2024, at 11:30 UTC for PHAUSDT and 11:45 UTC for DFUSDT.
Underlying Assets: Phala Network (PHA) and dForce (DF).
Settlement Asset: USDT.
Tick Size: 0.00001 for both contracts.
Capped Funding Rate: +2.00% / -2.00% for both contracts.
Funding Fee Settlement Frequency: Every four hours.
Maximum Leverage: 75x for both contracts.
Trading Hours: 24/7.
Multi-Assets Mode: Supported.
What This Means for Traders:
The introduction of PHAUSDT and DFUSDT perpetual contracts expands Binance's futures offerings, providing traders with access to a wider range of cryptocurrencies. The high leverage available allows traders to potentially increase their profits, but it's important to note that leverage also amplifies potential losses. Traders should carefully consider their risk tolerance and trading strategies before engaging in leveraged trading.
Binance's Commitment to Innovation:
Binance continues to be at the forefront of the cryptocurrency industry, constantly expanding its product offerings and providing traders with new and innovative ways to participate in the market. The launch of PHAUSDT and DFUSDT perpetual contracts is a testament to Binance's commitment to providing a comprehensive and dynamic trading platform for its users.
Would you like to learn more about trading on Binance or the specific features of these new perpetual contracts?
