Binance Futures, one of the leading players in the cryptocurrency derivatives market, is preparing to expand its trading options by launching the USDⓈ-M WIF Perpetual Contract on 18-01-2024 17:15.
Binance Futures Introduces USDⓈ-M WIF Perpetual Contract Offering Up to 50x Leverage
This move is designed to provide users with greater flexibility and optimize their trading strategies.
Key Features of USDⓈ-M WIF Perpetual Contract:
Leverage: The new perpetual contract will support up to 50x leverage, allowing investors to grow their positions in the market.
Funding Rate: At launch, the maximum funding rate for the WIFUSDT Perpetual Contract will be +2.00% / -2.00%, contributing to a balanced trading environment.
Funding Fee Reconciliation: The funding fee of the contract will be calculated every four hours, ensuring transparency and regularity.
Liquidity Provider Incentives: Qualifying USDⓢ margin futures liquidity providers will be eligible to receive a 0.005% maker fee refund for trades on the WIFUSDT Perpetual Contract for an initial period of approximately 14 to 15 days.
To promote a seamless trading experience, Binance Futures will implement Multi-Asset Mode, which allows users to trade multiple collateral assets on the WIFUSDT Perpetual Contract.
For example, when Multi-Asset Mode is enabled, users can use BTC as margin.
As with all financial products, users are advised to stay informed about market dynamics.
This move by Binance Futures is in line with its ongoing efforts to meet the evolving needs of the cryptocurrency trading community.
*This is not investment advice.