In a significant move for crypto traders, Binance Futures is introducing a new financial instrument. Starting today, users can dive into USDⓈ-M ARK perpetual contracts, featuring a staggering leverage of up to 10x.
What You Need to Know About the ARK Perpetual Contract
Here’s a quick rundown of the key aspects of the newly launched financial product:
- Underlying Asset: ARK
- Settlement Currency: USDT
- Precision: Tick size of 0.0001
- Leverage: Up to 10x
- Availability: Round-the-clock trading
- Funding Rate: Capped at ±3.00%
- Margin Requirements: Minimum maintenance margin rate is 3.00%
- Multi-Assets Mode: Yes, it’s supported
A Word of Caution
Please be aware that Binance reserves the right to alter the contract specifications based on prevailing market conditions. This can include changes to the funding rate, tick size, leverage limits, and margin requirements. Also, all trades are governed by the Binance Terms of Use and the Binance Futures Service Agreement.
Multi-Asset Trading Flexibility
The introduction of Multi-Assets Mode means users can employ various margin assets while trading the ARK perpetual contract. For instance, you can leverage your BTC holdings as margin for this specific trading activity.
