Binance Futures Announces Listing of Two New Altcoins! Here Are the Details

Binance Futures is set to enhance its trading offerings with the introduction of two new perpetual contracts, GUSDT and RAREUSDT, both scheduled to go live on August 15, 2024.

Binance Futures to Launch USD Collateralized G and RARE Perpetual Contracts with Up to 50x Leverage

The new contracts will expand the trading options available on the platform by offering traders up to 50x leverage.

The GUSDT Perpetual Contract will be launched at 15:30, while the RAREUSDT Perpetual Contract will be launched at 16:00 on the same day.

Both contracts will be margined in USDⓈ and will have a maximum funding rate of +2.00% / -2.00% at launch. Funding fees for these contracts will be paid every four hours.

Binance noted that it may adjust the features of these futures contracts based on market conditions. Possible changes could include adjustments to the funding fee, tick size, maximum leverage, initial margin, or maintenance margin requirements.

Additionally, Binance Futures’ Multi-Asset Mode will be available for these new contracts, allowing users to trade these contracts across multiple collateral assets. For example, users can use BTC as margin when trading the new perpetual contracts.

This expansion in Binance Futures’ product offerings aims to provide users with greater flexibility and opportunities in their trading strategies.

*This is not investment advice.

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