Binance Futures has announced that it will be expanding its range of trading options with the launch of the HIPPOUSDT and 1000XUSDT perpetual contracts, allowing users to trade with up to 75x leverage.
Binance Futures to Launch HIPPOUSDT and 1000XUSDT Perpetual Contracts with Up to 75x Leverage
This offer will come into effect on November 13, 2024 at 15:30.
These new futures contracts are based on the tokens “sudeng” (HIPPO) and “X Empire” (1000X). Binance has provided contract addresses to verify each asset:
HIPPO can be verified from address 0x8993129d72e733985f7f1a00396cbd055bad6f817fee36576ce483c8bbb8b87b, 1000X EQB4zZusHsbU2vVTPqjhlokIOoiZhEdCMT703CWEzhTOo__X.
Perpetual contracts will feature a maximum funding rate of +2.00%/-2.00%, with funding fee payments occurring every four hours.
Binance Futures maintains the flexibility to adjust contract features, such as leverage limits, funding fees, and margin requirements, according to market conditions to reduce trading risks.
Users who choose to trade these contracts under Binance’s Multi-Asset Mode can use a variety of margin assets, including BTC, to support their trades on the HIPPOUSDT and 1000XUSDT contracts.
This feature supports greater trading flexibility and helps users diversify their margin assets.
With the new listings, Binance Futures continues its commitment to expanding its trading options, aiming to offer a diversified and adaptable experience for its global user base.
*This is not investment advice.