Binance Futures is set to expand its trading options with the launch of the FLUXUSDT Perpetual Contract, offering up to 75x leverage. The new contract will be available for trading starting at 10:00 AM on September 3, 2024.
Binance Futures to Launch USDⓈ Margined FLUX Perpetual Contract with Up to 75x Leverage
The FLUXUSDT Perpetual Contract will have a maximum funding rate of +2.00% / -2.00% at launch, with funding fees paid every four hours.
Binance also noted that it may adjust contract features such as funding fee, confirmation size, maximum leverage, initial margin, and maintenance margin requirements based on current market conditions.
Additionally, Binance will be introducing a Multi-Asset Mode for this contract, allowing users to trade the FLUXUSDT perpetual contract using multiple margin assets such as BTC.
What is Flux (FLUX)?
Flux (FLUX) is a cloud-based decentralized computing network designed to build cross-platform scalable blockchain applications. Using its own blockchain network, Flux runs on 7 other blockchains including Ethereum (ETH) and Avalanche (AVAX).
This move by Binance Futures aims to improve the trading experience of its users by offering a wider range of trading options and more flexible margin management tools.
It is not investment advice.