Binance Futures Launches MOCAUSDT Perpetual Contracts with 75x Leverage

Binance Futures Launches USDⓈ-Margined MOCAUSDT Perpetual Contracts

Exciting news for cryptocurrency traders as Binance Futures recently announced the launch of its USDⓈ-Margined MOCAUSDT Perpetual Contracts. This new offering not only diversifies Binance's extensive futures trading options but also allows users to leverage their trading strategies with up to 75x leverage. The contracts are set to go live on December 16, 2024, at 11:30 UTC.

Key Features of MOCAUSDT Perpetual Contracts

• Underlying Asset: Moca Network (MOCA)
• Settlement Asset: USDT
• Tick Size: 0.0001
• Funding Fee Settlement Frequency: Every four hours
• Capped Funding Rate: +2.00% / -2.00%
• Maximum Leverage: 75x
• Trading Hours: 24/7
• Multi-Assets Mode: Supported (allows BTC as margin)

What Traders Need to Know

As with all leverage trading, understanding the associated risks is crucial. The MOCAUSDT Perpetual Contracts provide several key considerations for potential traders:

• Funding Rate and Frequency: The funding rates are capped at +2.00% or -2.00%, with settlements occurring every four hours, allowing traders to manage their costs effectively.
• Contract Verification: For verification purposes, the contract address for Moca Network is 0xf944e35f95e819e752f3ccb5faf40957d311e8c5.
• Flexibility: The multi-assets mode supports various margin assets, including BTC, giving traders flexibility in their trading approach.
• Binance's Rights: Binance reserves the right to adjust contract specifications, including funding fees, leverage, and margin requirements, based on prevailing market conditions.

Conclusion

The launch of the USDⓈ-Margined MOCAUSDT Perpetual Contracts enhances the trading landscape on Binance Futures. With significant leverage and a wide range of flexible trading options, traders can look forward to exploiting new opportunities in the volatile cryptocurrency market. Always ensure to conduct thorough research and consider market conditions before entering trades.

For more information on futures trading, consider visitingBinance's futures trading guide and stay updated on the latest developments in cryptocurrency markets.