Binance Futures is preparing to introduce the USDⓈ-M ARK perpetual contract, which is scheduled to launch on 19-09-2023 17:30 and offers investors up to 10x leverage.
In other words, ARK/USDT parity will be listed and traded in futures transactions.
Binance Futures Introduces 10x Leveraged USDⓈ-M ARK Perpetual Contract
Here are the key details about the USDⓈ-M ARK Perpetual Contract:
Binance reserves the right to change the specifications of the ARKUSDT Perpetual Contract, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, in response to market risk conditions.
Multi-Asset Mode: This feature allows users to execute ARKUSDT Perpetual Contract trades with a variety of collateral assets, subject to certain applicable coefficients.
For example, when Multi-Asset Mode is enabled, traders can use BTC as collateral when trading on the ARKUSDT Perpetual Contract.
The ARKUSDT Perpetual Agreement operates under the terms set forth in the Binance Terms of Use and the Binance Futures Services Agreement.
With this new offering, Binance aims to provide investors looking to navigate the dynamic landscape of perpetual contracts with a versatile and powerful tool with enhanced flexibility and potential leverage of up to 10x their initial investment.
*This is not investment advice.