Binance Futures Introduces MORPHOUSDT and CHILLGUYUSDT Contracts with 75x Leverage

Binance Futures Expands Trading Options: New MORPHOUSDT and CHILLGUYUSDT Perpetual Contracts

As of November 27, 2024, Binance Futures is set to broaden its trading landscape by introducing two exciting perpetual contracts: MORPHOUSDT and CHILLGUYUSDT. These contracts allow traders to engage with the crypto market more dynamically, offering them the potential to employ advanced strategies with enhanced flexibility. Traders can access these new listings with leverage of up to 75x, granting them the ability to maximize their positions significantly.

Key Launch Details

The trading for the new contracts will commence at the following times (UTC):

• MORPHOUSDT: 14:30 UTC
• CHILLGUYUSDT: 14:45 UTC

Contract Specifications

Both MORPHOUSDT and CHILLGUYUSDT come with specific funding and settlement features:

• Funding rates are capped at ±2.00%.
• Settlements will occur every four hours.

Multi-Assets Mode: Enhancing Trading Flexibility

A standout feature in this launch is the Multi-Assets Mode. This innovative mode enables users to trade these perpetual contracts utilizing a variety of margin assets. For example, traders can use BTC as collateral for executing trades in MORPHOUSDT and CHILLGUYUSDT, amplifying their trading capabilities.

Dynamic Adjustments in Contract Specifications

Binance is committed to ensuring that its offerings remain adaptable and responsive to changing market conditions. As such, the following considerations are in place:

• Potential adjustments to funding fee caps
• Modifications to tick sizes
• Revisions to leverage limits
• Changes to margin requirements

Spot vs. Futures Listings

It is crucial for traders to note that the listing of these new tokens on Binance Futures does not guarantee their availability on the Binance Spot markets. This distinction is vital for strategic trading decisions and portfolio management.

Conclusion

The introduction of MORPHOUSDT and CHILLGUYUSDT perpetual contracts on Binance Futures showcases the platform's ongoing commitment to enhancing the trading experience for its users. With high leverage and versatile trading modes, traders can navigate the crypto market more effectively than ever.