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Binance Futures has announced the launch of the MOODENGUSDT perpetual contract, which will go live on October 25, 2024 at 1:00 PM ET.
Binance Futures to Launch MOODENGUSDT Perpetual Contract with 75x Leverage
The new USDⓈ margined contract will offer traders the opportunity to leverage their positions up to 75x. Key Details of the MOODENGUSDT Perpetual Contract
- Launch Date: October 25, 2024, 13:00
- Maximum Leverage: 75x
Contract Address for Verification: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY Financing Rates and Adjustments
- Initial Funding Rate: ±2.00%
- Funding Fee Settlement: Every four hours
- Binance reserves the right to adjust contract specifications, including leverage, funding fees, tick size, and margin requirements, depending on market risk conditions.
Multi-Asset Mode Support Multi-Asset Mode will allow traders to use multiple margin assets to trade the MOODENGUSDT perpetual contract. For example, users can use BTC as margin when trading MOODENGUSDT.
This launch expands Binance’s trading options and appeals to users looking for a variety of instruments and high leverage opportunities. As always, given the volatility of leveraged futures contracts, traders are advised to manage risk carefully.
*This is not investment advice.