Binance Futures Unveils New Perpetual Contracts: GRIFFAINUSDT, AI16ZUSDT, ZEREBROUSDT

Binance Futures Introduces New USDⓈ-Margined Perpetual Contracts

As part of its continuous effort to enhance trading opportunities for users, Binance Futures has announced the launch of three new USDⓈ-Margined Perpetual Contracts. These contracts - GRIFFAINUSDT, AI16ZUSDT, and ZEREBROUSDT - will significantly expand the trading options available to users, offering not only diverse assets but also increased leverage for those looking to maximize their trading potential.

Contract Launch Details

The trading for these newly introduced contracts is set to start on January 2, 2025. The launch schedule for each contract is as follows:

• GRIFFAINUSDT: 13:30 UTC
• AI16ZUSDT: 13:45 UTC
• ZEREBROUSDT: 14:00 UTC

Key Features of the New Contracts

• Settlement Asset: USDT
• Tick Size: 0.00001 (GRIFFAIN), 0.0001 (AI16Z and ZEREBRO)
• Capped Funding Rate: +2.00% / -2.00%
• Funding Fee Settlement Frequency: Every four hours
• Multi-Assets Mode: Supported for trading across multiple margin assets.

Highlights of the New Trading Experience

The introduction of these new contracts comes with several notable highlights aimed at providing traders with improved trading flexibility:

• Enhanced Leverage: Users now have the capacity to utilize leverage of up to 75x, allowing for greater potential returns on investments.
• Flexible Margin Assets: The Multi-Assets Mode allows traders to use various assets, including BTC, as margin, leading to more flexible trading strategies.
• Transparent Listings: Contract addresses for each token are verified and provided for user clarity and security:
• GRIFFAIN: KENJSUYLASHUMfHyy5o4Hp2FdNqZg1AsUPhfH2kYvEP
• AI16Z: HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC
• ZEREBRO: 8x5VqbHA8D7NkD52uNuS5nnt3PwA8pLD34ymskeSo2Wn

Notes for Traders

• Funding Rates: The capped funding rate at launch is significantly digestible for traders, recorded at +2.00% / -2.00%, and fees will be settled every four hours.
• Trading Flexibility: The contracts will be available for trading 24/7, ensuring continuous market engagement.
• Adjustable Parameters: Binance reserves the right to modify contract specifications based on prevailing market conditions, ensuring that they remain competitive and relevant in the evolving crypto landscape.

With these new offerings, Binance Futures continues to be at the forefront of the cryptocurrency trading game, catering to the needs of both novice and experienced traders. As always, it's advisable for users to conduct due diligence and stay informed about market conditions and risks associated with trading high-leverage products.