Binance Launches MOCAUSDT Perpetual Contracts with Up to 75x Leverage

Binance Futures Launches USDⓈ-Margined MOCAUSDT Perpetual Contracts

In an exciting development for crypto traders, Binance Futures has announced the launch of its latest offering: the USDⓈ-Margined MOCAUSDT Perpetual Contracts. These contracts are designed to enhance trading opportunities with a leverage of up to 75x. Set to go live on December 16, 2024, at 11:30 UTC, this addition underscores Binance's commitment to expanding its futures trading options.

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)

Important Notes for Traders

Understanding the specifics of the new MOCAUSDT Perpetual Contracts can help traders maximize their strategies:

Funding Rate and Frequency: The funding rate will be capped at +2.00% or -2.00%, with fees settled every four hours. This ensures that traders are well-informed about transaction costs and can plan accordingly.
Verification: The contract address for Moca Network is 0xf944e35f95e819e752f3ccb5faf40957d311e8c5. It is crucial for traders to verify contracts to avoid any potential scams or errors.
Flexibility in Trading: With the Multi-Assets Mode, traders can utilize various margin assets like BTC to trade MOCAUSDT contracts, providing greater flexibility in their trading strategies.

Market Adaptability

Binance retains the right to adjust the parameters of the MOCAUSDT Perpetual Contracts as necessary. This includes modifications to funding fees, leverage limits, and margin requirements based on prevailing market risks. Traders should stay informed about potential changes to ensure compliance and to protect their investments.

Conclusion

The upcoming launch of the MOCAUSDT Perpetual Contracts on Binance Futures presents an exciting opportunity for traders seeking high leverage options in the cryptocurrency market. With its competitive features and flexible trading options, it is set to enhance the trading experience significantly. As always, traders are advised to conduct thorough research and strategize effectively to utilize this new offering to its full potential.