To further expand its portfolio and improve the trading experience for users, Binance Futures has announced the launch of two new perpetual contracts with USD(S) margin for G (USDT) and RARE (USDT).
In the constantly evolving landscape of crypto trading, Binance Futures stands out as one of the leading platforms, offering users a wide range of financial instruments and trading opportunities.
These contracts will be available respectively from 12:30 PM (UTC) and 1:00 PM (UTC) on August 15, 2024, with leverage up to 50x.
Characteristics of the new perpetual contracts on G and RARE of Binance Futures
I contratti perpetui sono strumenti derivati che, a differenza dei contratti future tradizionali, non hanno una data di scadenza. Questo significa che i trader possono mantenere le proprie posizioni aperte indefinitamente, a patto di soddisfare i requisiti di margine e coprire le eventuali commissioni di finanziamento.
The GUSDT and RAREUSDT contracts
The new GUSDT and RAREUSDT contracts will offer margins in USD(S), which means that traders will use the stablecoin USD(S) as collateral to open positions. This type of margin offers several advantages, including the reduction of volatility risk associated with using cryptocurrencies as collateral. Additionally, leverage up to 50x allows traders to amplify their potential profits, while still increasing the risk.
The GUSDT contract, which will be launched at 12:30 PM (UTC) on August 15, 2024, is designed to offer users exposure to the G token, an emerging cryptocurrency that has attracted market attention for its innovative applications in decentralized finance (DeFi). With leverage up to 50x, traders can multiply their positions, increasing both potential profits and losses.
The introduction of this contract is strategic, given the growing interest in the G token and its adoption in DeFi applications. Binance Futures aims to capitalize on this trend, offering traders the opportunity to speculate on the price movement of the G token with a perpetual contract that never expires and offers a high degree of flexibility.
The RAREUSDT contract, which will be available starting at 13:00 (UTC) on the same day, offers exposure to the RARE token, a cryptocurrency linked to the world of NFTs (non-fungible tokens) and digital arts. The NFT sector has seen exponential growth in recent years, and RARE has become one of the most discussed and utilized tokens in the digital arts ecosystem.
With leverage up to 50x, this perpetual contract allows traders to capitalize on the price fluctuations of the RARE token. Considering the high interest and volatility that often characterize the NFT market, this instrument represents an interesting opportunity for traders who wish to take advantage of short-term market trends.
Advantages and risks of trading with Binance Futures
Binance Futures is known for its user-friendly interface and its advanced risk management features, which include stop-loss, take-profit, and trailing stop orders. These tools are essential for traders who operate with leverage, as they allow them to limit potential losses and lock in profits efficiently.
Furthermore, the platform offers high liquidity, which is essential for the rapid and smooth execution of orders, especially in a volatile market like that of cryptocurrencies. The addition of GUSDT and RAREUSDT contracts further strengthens Binance Futures’ offering, making it a preferred choice for traders looking for a robust and reliable platform.
While leverage offers the opportunity to amplify gains, it also involves a high risk. An unfavorable market movement can lead to significant losses, and traders must be aware of the risks before using leverage. Binance Futures, aware of these risks, provides a range of financial education and risk management tools to help traders make informed decisions.
Conclusions
The launch of the perpetual contracts GUSDT and RAREUSDT with margin in USD(S) and leverage up to 50x represents an important addition to the already vast catalog of instruments offered by Binance Futures.
These new contracts not only offer traders the opportunity to capitalize on emerging trends in the cryptocurrency markets, but also strengthen Binance’s position as a leading platform in crypto derivatives trading.
While experienced traders may see in these new contracts an opportunity to expand their trading strategies, it is essential that all users understand the risks associated with trading with leverage and use the risk management tools offered by the platform.
With the introduction of GUSDT and RAREUSDT, Binance Futures continues to demonstrate its commitment to offering innovative and high-quality solutions for its users, in a market that never stops evolving.
