Binance Futures announced that it has listed GLM in order to enrich its trading offerings and provide more opportunities to its users.
Binance Futures Introduces USDⓈ-M GLM Perpetual Contract Offering Up to 50x Leverage
This contract, which is planned to be launched for the first time on February 22, 2024 at 13:00, offers investors up to 50x leverage, promising greater flexibility and potential returns in trading activities.
The maximum funding rate for the GLMUSDT Perpetual Contract is +2.00% / -2.00% and funding fee payments will occur every four hours.
Additionally, qualified USDⓢ margin futures liquidity providers will be eligible to receive a 0.005% maker fee refund for trades executed on the GLMUSDT Perpetual Contract for a period of approximately 14 to 15 days.
As market conditions evolve, Binance reserves the right to adjust various aspects of the GLMUSDT Perpetual Contract, such as funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
This proactive approach ensures compliance with current market risk conditions and regulatory standards.
A key feature accompanying the launch is the Multi-Asset Mode, which allows users to buy and sell the GLMUSDT Perpetual Contract across multiple collateral assets, subject to applicable margins.
For example, enabling Multi-Asset Mode allows users to use BTC as collateral when engaging in trading activities involving the GLMUSDT Perpetual Contract, offering greater flexibility in portfolio management.
*This is not investment advice.
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