**Binance Futures Launches USDⓈ-M MEW Perpetual Contract with Up to 50x Leverage**
🚀 **Dear Binancians,**
To diversify our trading options and improve user experience, Binance Futures will introduce the USDⓈ-M MEW Perpetual Contract on **June 17, 2024, at 14:00 (UTC)**, offering up to 50x leverage.
🔍 **Contract Details:**
- **Contract Type:** USDⓈ-M Perpetual Contract
- **Symbol:** MEWUSDT
- **Launch Time:** 2024-06-17 14:00 (UTC)
- **Underlying Asset:** cat in a dogs world (MEW)
- **Settlement Asset:** USDT
- **Tick Size:** 0.000001
- **Capped Funding Rate:** +2.00% / -2.00%
- **Funding Fee Settlement Frequency:** Every Four Hours
- **Maximum Leverage:** 50x
- **Trading Hours:** 24/7
- **Multi-Assets Mode:** Supported
⚠️ **Important Notes:**
- The maximum funding rate at launch will be +2.00% / -2.00%.
- Funding fee settlement occurs every four hours:
- **2024-06-17 16:00 (UTC):** +2.00% / -2.00%
- **2024-06-17 20:00 (UTC):** +2.00% / -2.00%
- **2024-06-18 00:00 (UTC):** +2.00% / -2.00%
- **2024-06-18 04:00 (UTC):** +2.00% / -2.00%
- …and so on.
📈 **Adjustable Specifications:**
- Binance may modify the contract's specifications based on market risk conditions, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
💡 **Multi-Assets Mode:**
- This feature allows users to trade the MEWUSDT Perpetual Contract using multiple margin assets. For instance, users can utilize BTC as margin under the Multi-Assets Mode when trading this contract.
For further information, visit our website or contact support.
**Happy Trading!**
- The Binance Team