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Binance news đ¨: Launch of PONKEUSDT Perpetual Contract on Binance Futures with Up to 75x Leverage
Explore Binance Futures' new PONKEUSDT perpetual contract, launching with up to 75x leverage. Learn trading hours, funding rates, and margin details.
Binance has announced the launch of the PONKEUSDT perpetual contract on its Futures platform, scheduled for 2024-11-04 at 12:30 (UTC). This new contract offers up to 75x leverage, providing traders with additional choices for enhancing their trading experience. The PONKEUSDT contract uses Ponke (PONKE) as the underlying asset and USDT for settlement, making it an ideal option for users looking to leverage stablecoin-backed trades.
Key Contract Details
Launch Time: 2024-11-04, 12:30 (UTC)Tick Size: 0.00001Maximum Leverage: 75xFunding Rate Cap: +2.00% / -2.00% (settled every four hours)Trading Hours: 24/7Multi-Assets Mode: Supported (use other assets, like BTC, as margin)
The funding rate for the contract is capped at +2.00% or -2.00%, with fees settled every four hours. This rate can be adjusted based on market conditions, allowing Binance to respond dynamically to market risk.
Multi-Assets Mode
The PONKEUSDT contract supports Multi-Assets Mode, permitting users to use other assets, such as BTC, as collateral for margin trading. This feature increases flexibility and liquidity for traders while allowing diversified asset usage.
Risk and Compliance Notices
As with any futures product, trading the PONKEUSDT contract entails risks, especially given its high leverage. Binance reminds users that futures trading can lead to significant losses, including liquidation of collateral if margin requirements are not met. Users should conduct thorough research and consider their financial situation before engaging in such high-risk trading.
Binance will monitor and may adjust various parameters of this contract, such as the funding fee and maximum leverage, to ensure an optimal trading environment.
To stay updated, users are encouraged to visit Binanceâs official platform for more information on trading rules, leverage, margin, and other guidelines.
Disclaimer: Digital asset prices are volatile and may result in financial loss. Futures trading carries high risks, and users are responsible for their own investment decisions.
#binance #BinanceNews #Anauncement #bnb
#PONKEUSDT $BNB
Binance has announced the launch of the PONKEUSDT perpetual contract on its Futures platform, scheduled for 2024-11-04 at 12:30 (UTC). This new contract offers up to 75x leverage, providing traders with additional choices for enhancing their trading experience. The PONKEUSDT contract uses Ponke (PONKE) as the underlying asset and USDT for settlement, making it an ideal option for users looking to leverage stablecoin-backed trades.
Key Contract Details
Launch Time: 2024-11-04, 12:30 (UTC)Tick Size: 0.00001Maximum Leverage: 75xFunding Rate Cap: +2.00% / -2.00% (settled every four hours)Trading Hours: 24/7Multi-Assets Mode: Supported (use other assets, like BTC, as margin)
The funding rate for the contract is capped at +2.00% or -2.00%, with fees settled every four hours. This rate can be adjusted based on market conditions, allowing Binance to respond dynamically to market risk.
Multi-Assets Mode
The PONKEUSDT contract supports Multi-Assets Mode, permitting users to use other assets, such as BTC, as collateral for margin trading. This feature increases flexibility and liquidity for traders while allowing diversified asset usage.
Risk and Compliance Notices
As with any futures product, trading the PONKEUSDT contract entails risks, especially given its high leverage. Binance reminds users that futures trading can lead to significant losses, including liquidation of collateral if margin requirements are not met. Users should conduct thorough research and consider their financial situation before engaging in such high-risk trading.
Binance will monitor and may adjust various parameters of this contract, such as the funding fee and maximum leverage, to ensure an optimal trading environment.
To stay updated, users are encouraged to visit Binanceâs official platform for more information on trading rules, leverage, margin, and other guidelines.
Disclaimer: Digital asset prices are volatile and may result in financial loss. Futures trading carries high risks, and users are responsible for their own investment decisions.
#binance #BinanceNews #Anauncement #bnb
#PONKEUSDT $BNB
